Tengrinews TV Радио Tengri FM Радио Жұлдыз FM Laws of Kazakhstan
KZ RU EN
Write us +7 (727) 388 8020 +7 (717) 254 2710
искать через Tengrinews.kz
искать через Google
искать через Yandex
USD / KZT - 335.71
EUR / KZT - 357.36
CNY / KZT - 48.76
RUB / KZT - 5.23

ADB to invest $1.6 billion to finance Kazakhstan’s infrastructure development projects

24 september 2012, 11:52
0
Guanghui Li, Country Director of ADB’s Kazakhstan Resident Mission. © Yaroslav Radlovsky
Guanghui Li, Country Director of ADB’s Kazakhstan Resident Mission. © Yaroslav Radlovsky
Asian Development Bank (ADB) plans to invest $1.6 billion to finance Kazakhstan’s infrastructure development projects, Tengrinews.kz reported.

September 19 the Bank’s management and representatives of the country’s Ministry of Economic Development and Trade unveiled a new Country Partnership Strategy for 2012-2016.

According to the joint statement, the funds are expected to finance projects to modernize the country’s motor roads.

“Infrastructure calls for renovation. Given that part of the infrastructure dates back to Soviet times and is getting obsolete, Kazakhstan needs to work on renewal of heating and water supply and other types of urban infrastructure”, Guanghui Li, Country Director of ADB’s Kazakhstan Resident Mission, said.

“ADB is mainly focused on transport infrastructure, notably roads of prime importance such as West Europe – West China motor corridor. Later on, the Bank will be financing construction of roads joining the main motor lines”, ADB country economist Christopher T Hnanguie said.

ADB was established in 1966 under the Agreement Establishing the Asian Development Bank (Charter), which is binding upon the member countries that are its shareholders. As of 31 December 2010, ADB had 67 members, of which 48 were drawn from Asia and the Pacific region.

ADB is headquartered in Manila, Philippines and has offices worldwide including representative offices in North America (Washington, DC), Europe (Frankfurt), and Japan (Tokyo). ADB's mission is to help its developing member countries reduce poverty and improve living conditions and quality of life.

Нравится
Add comment
Most Read
Most Discussed