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

  • East Africa’s massive new ring road project
    June 30, 2016
    Plans are being drawn up for a major new highway project in East Africa. Preparations are being made by the authorities in Kenya, Uganda and Tanzania. The 450km ring road route runs around the shoreline of Lake Victoria and will provide better transport connections for Kenya, Uganda and Tanzania, as well as for other near neighbours, particularly Rwanda and Burundi. New border posts will be required, to help increase the flow of traffic between the nations. Although it will be complex, the project will boos
    Read More
  • EBRD supporting Skopje road rehabilitation
    May 1, 2012
    The European Bank for Reconstruction and Development (EBRD) is supporting the modernisation of the urban roads system in the Macedonian capital Skopje, with a ?5.6 million loan to introduce a modern traffic management system and upgrade one of the key arteries in the city.
    Read More
  • Improved road links between Kenya and Tanzania
    July 22, 2013
    Work on the Taveta-Voi road link connecting Kenya and Tanzania is now being planned. The African Development Bank is providing a loan worth US$113 million. The work includes widening and improving a 42km bypass at Arusha and upgrades to a 115km section of road between Holili and Arusha. This package of works is due for completion by 2018. The Kenyan Government is itself funding upgrades to a 24km section of road running from Voi-Mwatate. Many of the existing links between Kenya and Tanzania are in poor cond
    Read More
  • Khabarovsk Bypass to raise transit potential of Russian Far East
    March 13, 2017
    Khabarovsk Bypass to raise transit potential of Russian Far East – Eugene Gerden writes The Russian Government, together with the government of Khabarovsk Territory, an administrative capital of the Far East, have announced the completion of preparations for the building of a new road. The Khabarovsk Territory is located 30km from the Chinese border, at the confluence of the Amur and Ussuri Rivers. This new highway will boost the transport potential for the Russian Far East and will improve the traffic s
    Read More

Highlighted Content