Kazakhstan Borrows Over $290 Million from ADB to Repair Highway
Photo: Orda.kz / Olga Ibraeva
The Asian Development Bank (ADB) has approved a local currency loan to Kazakhstan under a government guarantee of up to $291.49 million, Orda.kz reports, citing the Chinese news agency Xinhua.
The funds are intended to upgrade 208 kilometers of the two-lane highway connecting Qyzylorda and Jezkazgan to a higher-standard, climate-resilient road.
The upgraded road is expected to provide all-season access and reduce travel time on this route from four to two hours.
The project includes reflective strips, pedestrian crossings, and interchanges. These measures are expected to significantly reduce the number of accidents and improve the overall safety of the road corridor.
In addition, it will improve communication between regions and promote the development of national and international trade.
Original Author: Rimma Karatayeva
Latest news
- Pilots Posthumously Found Guilty in 2019 Bek Air Crash Case
- Partial Roof Collapse Reported at Kazakhmys Mine in Ulytau Region
- Kazakhstanis Send Record Transfers to Russia
- European Bank Shows Interest in Acquiring Kazakhstani Bank
- Majilis Member Questions Banking Sector Privileges and Oversight, Criticizes Former Prime Minister Mamin
- U.S. to Review Gunvor’s Lukoil Deal Over Possible Putin Links
- EU Commission: Georgia’s EU Candidacy Now “Nominal”
- MP Discusses Legal Recognition for Second Wives in Interview
- Debate Emerges in Majilis Over Creation of State “Agrobank”
- Kazakhstan: MP Raises Alarm Over Surge in Phone Fraud
- Kazakhstan Considers Creating a State Crypto Reserve
- U.S. Proposes Lifting U.N. Sanctions on Syria’s President Ahead of White House Visit — Reuters
- Second Reading: Majilis Approves Amendments to Subsoil Code
- Kazakhstan: Plans Announced to Establish Unified Financial Ombudsman Service
- Majilis Reviews Draft Law Introducing Two Types of Banking Licenses
- Rumors Resurface About Government Reshuffle as Criticism Mounts
- Putin Signs Laws on Year-Round Conscription
- Kazakh-Born Woman Wanted by Interpol, Accused of Child Abduction
- Man Distributes Extremist Videos from Prison, Sentenced to Nine Years
- Seventeen-Year-Old Killed in Shooting in Turkistan Region
