Almaty administration and the EBRD (European Bank for Reconstruction and Development) signed a loan agreement worth $39.3 million for procurement of 200 new buses running on gas.
The project is targeted at preventing emergency shutdowns of the power plant, bringing its capacities up by 16% to 116 megawatt and producing another 57 million kilowatt-hours a year.
The Bank and the Transport Ministry officials considered financing reconstruction of Tashkent – Shymkent, Almaty – Khorgos motro roads, as well as construction of the Big Almaty Ring Road.
As the National Bank Governor explained, the National Bank is to buy back the 10 per cent share from the European Bank of Reconstruction and Development (EBRD).
Today in Astana the European Bank for Reconstruction and Development (EBRD) and municipal authorities of Kazakhstan have signed a memorandum to finance modernization of water supply systems on the basis of public-private partnerships.