Kazakhstan road improvement – funding found

An important highway stretch in Kazakhstan will now be upgraded thanks to funding from the International Bank for Reconstruction and Development (IBRD). The US$490 million finance package comes in the shape of a loan and will be used to improve the highway connecting capital Almaty with Khorgos, which lies on the border with China. The 297km highway section will cost $576.5 million to upgrade in all.
May 21, 2018 Read time: 1 min

An important highway stretch in Kazakhstan will now be upgraded thanks to funding from the International Bank for Reconstruction and Development (IBRD). The US$490 million finance package comes in the shape of a loan and will be used to improve the highway connecting capital Almaty with Khorgos, which lies on the border with China. The 297km highway section will cost $576.5 million to upgrade in all. The source of the remaining funding necessary has not so far been revealed. The highway is a key link for Kazakhstan but also as an international transport route. This stretch will form part of the Belt & Road connections joining China with Europe by road, with another highway section running westwards through Kazakhstan to join with the Russian border.

Finance & Funding

Related Content

  • New elevated highway project for Sri Lanka
    October 1, 2018
    Work now looks ready to move ahead for an elevated highway project in Sri Lanka’s capital Colombo. Funding has been secured in the shape of a loan worth US$300 million from the Asian Development Bank (ADB) to help carry out the work. In all the work is expected to cost $360 million and involves building a 5.3km section of elevated highway. This new elevated route will be tolled for users when complete and will connect the new bridge spanning the Kelani River, which itself is due for completion in 2020
    Read More
  • New Tajikistan highway secures funding
    May 9, 2019
    A new highway project in Tajikistan has secured a funding package worth US$350 million in all.
    Read More
  • Ghana road funding from China?
    July 31, 2018
    Ghana is looking to secure a major financing package from China for road infrastructure improvements. The intended funding deal will be in the form of a loan, which will be used to build new road links and upgrade existing routes. One of the key projects being prioritised is an upgrade to the route connecting Wa with Bulenga in the north of the country and close to the border with Burkina Faso.
    Read More
  • US$201.5 million loan for Ivory Coast road
    October 7, 2024
    A US$201.5 million loan will help pay for an Ivory Coast road project
    Read More

Highlighted Content