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

  • Cameroon highway construction project underway
    August 31, 2021
    Work is now well underway on a key highway project in Cameroon.
    Read More
  • Chinese highway project under construction
    February 9, 2017
    China’s infrastructure expansion programme is in the process of transforming the country. Meanwhile its construction market is the largest in the world, comprising around 25% of the country’s US$11 trillion economy. However, slowing domestic growth in recent years has encouraged the Chinese Government to invest in key infrastructure projects in a bid to improve the country’s transport connections.
    Read More
  • Major Necaxa-Tihuatlan Highway project for Mexico
    October 1, 2014
    A new highway in Mexico is connecting Necaxa with Tihuatlan and the project features challenging terrain - Mauro Nogarin reports In Mexico a landmark highway project is now close to completion, having set a number of records for Latin America.
    Read More
  • Costa Rica road projects moving forward - slowly
    July 18, 2017
    Costa Rica is moving ahead with a series of major road projects, but progress is proving slower than anticipated or desired. The Costa Rica Government is struggling to achieve satisfactory progress with its overall road improvement programme. So far the key focus has been on maintaining existing links rather than building and improving road connections. The country’s National Laboratory for Structural Material and Models (Lanamme) has produced a report revealing that 85% of the national roads are in accepta
    Read More

Highlighted Content