Kazakhstan Borrows Over $290 Million from ADB to Repair Highway

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
- Israel Strikes Syrian Military HQ in Damascus, Entrance Hit
- 67-Year-Old Man Sentenced to 11 Years for Hostage Incident at Almaty Airport
- Military Institute Cadet Dies During Parachute Training in Aqtobe
- Abay Region: Teachers’ Personal Data Leaked Online
- Kazakhstan’s President Signs Law Targeting Coercion into Marriage
- Kazakhstan and China Expand Steel Production with New Deal
- Prosecutors Launch Probe Into Alleged Land Fraud in Almaty Region
- Number of Russian Companies in Kazakhstan Sees Sharpest Drop in Six Years
- Uzbek President Grants Powers to Head of Administration, Saida Mirziyoyeva
- Over 28,000 Ethnic Kazakhs in Astana Granted Qandas Status
- Eurasia Mining PLC Enters Kazakhstan Market, Lists on AIX
- Kazakhstan: Entrepreneur Awarded Over 40 Million Tenge After Case Dropped
- Izvestia Claims Kazakhstan-Assembled Cars to Be Exported to Russia
- Over 460,000 Packs of Contraband Cigarettes Seized at Kazakhstan's Border
- Fitch Confirms Kazakhstan’s BBB Credit Rating with Stable Outlook
- Man Sentenced for Inciting Ethnic Discord During Online Stream
- Toqayev Directs Closer Cooperation with Afghanistan
- Kairat Perizat: Details on Testimonies Regarding Gaza Aid
- Kairat Defeats Olimpija to Advance in UEFA Champions League Qualifiers
- Astana to Host Large-Scale Qymyz Festival with 60,000 Expected Guests