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

  • Kazakhstan highway rebuilding deal agreed
    November 24, 2017
    Plans are now being drawn up for the rebuilding of a 114km stretch of highway in Kazakhstan. The A-22 route in the Kostanay Region will be upgraded and improved, boosting both safety and capacity for drivers. This stretch of highway lies in the north of Kazakhstan, close to the border with Russia. The upgrade work will commence towards the end of 2018 and will cost US$149 million.
    Read More
  • Develop the Silk Roads, boost economic growth
    April 12, 2012
    Tony Pearce, honorary life member and former director-general of IRF Geneva, recalls the history of the Silk Roads, highlights their continued economic relevance and introduces IRF's active long-term commitment to their rehabilitation.
    Read More
  • Serbia upgrading infrastructure
    May 2, 2012
    Serbia has managed to reduce the cost of building the Corridor 10 highway by €80 million. These funds will instead be used to pay for upgrades and improvements needed for the second section of the highway project, close to Neradovci. So far some 180km of the Corridor 10 highway has been built over a 40 month time frame. A further 150km of the highway has still to be built. Work on the Corridor 10 motorway is also being financed by the European Bank for Reconstruction and Development and the state budget. Wh
    Read More
  • Serbia upgrading infrastructure
    March 16, 2012
    Serbia has managed to reduce the cost of building the Corridor 10 highway by €80 million. These funds will instead be used to pay for upgrades and improvements needed for the second section of the highway project, close to Neradovci.
    Read More

Highlighted Content