1. Main
  2. Learn
  3. News overview
  4. Kazakhstan

EBRD considers financing motor road projects in Kazakhstan27 августа 2011, 16:06

By Yaroslav Radlovsky © By Yaroslav Radlovsky ©
European Bank for Reconstruction and Development (EBRD) plans to finance motor road projects in Kazakhstan, Press Service of the Transport Ministry reports. According to the Press Service, August 25 Transport Minister Berik Kamaliyev met Michael Weinstein, EBRD Director for Kazakhstan. During the talks the sides dwelt on motor road projects in Kazakhstan. Notably, they considered financing reconstruction of Tashkent – Shymkent, Almaty – Khorgos motro roads, as well as construction of the Big Almaty Ring Road. The project to reconstruct the 102-km-long Tashkent – Shymkent – Zhambyl oblast is estimated at $513.6 million. Reconstruction of the 304-km-long Almaty-Khorgos motor road is estimated at $1.1 billion. The Big Almaty Ring Road (69.85 km) will cost $599.3 million. European Bank for Reconstruction and Development (EBRD) has already invested into the Kazakh economy over $ 5 billion, Interfax – Kazakhstan had quoted Finance Minister Bolat Zhamishev as saying early May. “If we take into account additional funds attracted through the Bank’s partners, the overall figure stands at over $14 billion, with $6.5 billion injected into the infrastructure, $3 billion in the banking sector, $2 billion in power generation and environment projects, and over $2.5 billion into industrial and agriculture projects. In the current year EBRD plans to invest into our economy a total of $1 billion. The Bank’s current obligations to invest into Kazakhstan in future to finance projects in various sectors make up $2.8 billion Euro”, the Minister told a briefing in Astana at that time. Astana was hosting EBRD annual meeting May 20-21.

Nobel prizewinner proposes a new city in KZ
New abnormal snowfalls expected in Kazakhstan
Huge glacier retreat triggered in 1940s
Hyperloop construction begins in Las Vegas
"Moonlight" to top Spirit Awards nominations
Oil prices fall due to investors uncertainty
New dwarf galaxy discovered around Milky Way
Kanat Islam becomes a top ten WBO boxer
World oil prices continue to rise
Kazakhstan expects warming - Kazhydromet
Merkel to seek fourth term as chancellor
Sale of Tintin drawings set to break records
US, EU stocks fall as markets focus on dollar
Pacific leaders urged to defend free trade
EU warns eight nations on budget deficit
Universiade-2017: Athletic Village is ready
Bob Dylan can't make Nobel ceremony
Messi will never leave Barca - club president
Google, Facebook take aim at 'fake' news
Aerosmith announces Europe 'farewell' tour
Putin, Trump to normalise US-Russia ties
At least 10 hurt in southern Turkey blast
6.2 quake hits western Japan