Nearly 40 investment projects of Eurasian Development Bank account for Kazakhstan (Exclusive)

Baku, Azerbaijan, September 13

By Nargiz Sadikhova - Trend:

Thirty-eight projects worth $1.36 billion of Eurasian Development Bank’s (EDB) portfolio are being implemented in Kazakhstan as of July 1, 2019, Deputy Chairman of the Management Board of EDB Amangeldy Issenov told Trend.

According to Issenov, about 30 percent of these projects account for energy sector. Some 34 percent of the projects are being implemented in mining industry and another 11 percent account for projects of infrastructure development.

“The majority of the bank’s projects in Kazakhstan are contributing to the economic integration of bank’s member country,” Issenov noted.

As an example of these projects, Issenov named the project of Hevel Kazakhstan, which oversees investments of Russian companies in renewable energy of Kazakhstan. The project of Russia’s TransTelecom oversees the creation of computer appliance of fiber-optic transmission line on the Makat-Mangyshlak area, which provides for docking of Russia’s fiber-optic transmission line with Kazakhstan’s line for transit of traffic to Turkmenistan and Uzbekistan.

“Furthermore, the participation of exporters from Eurasian Economic Union is overseen by a number of other projects, which in itself holds an integrating component,” Issenov added.

Furthermore, according to Issenov, the bank sees great interest in projects on construction of Big Almaty ring road (BAKAD) and the project on gas supply to Nur-Sultan (Saryarka pipeline) in Kazakhstan.

He noted that EDB and Development Bank of Kazakhstan have established funding of the first stage of Saryarka pipeline’s construction. The corresponding agreement has been signed on July 3, 2019, in Nur-Sultan.

Total value of funding by EDB and Development Bank of Kazakhstan amounted to 102 billion tenge, whereas the total cost of the project is 267.3 billion tenge.

Saryarka pipeline starts from Beyneu-Bozoy-Shymkent pipeline. The main construction work is to be finished by the end of 2019 and the commissioning is planned for 2020. The 1,061 kilometers long pipeline will provide 171 settlements with gas. Currently, 780 kilometers of the pipeline have been already welded, and the project is 74 percent completed.

BAKAD is part of the “West Europe – West China” international transit corridor; its construction will allow to clear the city roads of Almaty from transportation traffic, particularly addressing transit commercial vehicles. The project envisages the construction of highway with four and six technical category "1a" traffic lanes with asphalt concrete pavement, eight interchanges and other structures, as well as intelligent transport payment system.

The length of BAKAD, which will cover areas of Karasai, Ile and Talgar districts of Almaty region, is 66 km, with the capacity of 38,000 vehicles per day.

(1 USD = 387.15 KZT on September 13)


Follow the author on twitter: @nargiz_sadikh

Israeli business interested in expanding cooperation with Kazakhstan
Israeli business interested in expanding cooperation with Kazakhstan
Israel raises import of clothes from Turkey
Israel raises import of clothes from Turkey
Israel reports 142 new COVID-19 cases, 836,882 in total
Israel reports 142 new COVID-19 cases, 836,882 in total
Loading Bars
Sudan calls on African countries to support reaching comprehensive solutions on Nile dam
Japan’s PM to Visit India, Philippines to Strengthen Regional Ties
Azerbaijan discloses number of COVID-19 vaccinated citizens
Azerbaijan confirms 2,144 more COVID-19 cases, 1,923 recoveries
India stresses fulfilling commitments for developing Chabahar
EAM Jaishankar to visit Abu Dhabi on Sunday
Sri Lanka to receive Chinese Sinopharm vaccine tomorrow
Biden names 2 Indian-Americans to key jobs
Ambedkar remembered on birth anniversary in Dubai
Shortcomings of multilateral system laid bare by pandemic, says Shringla
Maldives Foreign Minister meets Jaishankar, discusses regional, international issues
Israeli business interested in expanding cooperation with Kazakhstan
Number of licenses issued for launch of enterprises in Iran spikes
Delegation of Azerbaijani parliament takes part in events within session of CIS Interparliamentary Assembly (PHOTO)
Azerbaijani gymnasts take part in World Cup in Uzbekistan's Tashkent
Ford Otosan to suspend production due to supply issues
Georgian delegation to Participate in Spring Session of PACE
Iran reveals COVID-19 data for April 18
Azerbaijani hydroelectric power plants increase electricity production
China, U.S. agree on need for stronger climate commitments
Russia records over 8,600 daily COVID-19 cases
Azerbaijan shares footage from Saybali village of Aghdam district (VİDEO)
Serbia - gateway to European market for Iran - Deputy Minister
France to impose 10-day quarantine for travellers coming from Brazil
Azerbaijani Finance Ministry to engage archiving services via tender
Kyrgyzstan adds 244 new COVID-19 cases
Israel raises import of clothes from Turkey
Iran's Energy Exchange announces products to be on sale on April 18
Capital of Bank Keshavarzi Iran to increase
Iran's trade turnover with Georgia decreases
Azerbaijan's MFA issues appeal on occasion of April 18 - International Day for Monuments and Historic Sites
Azerbaijan shares footage from Tarovlu village of the Gubadli region (VİDEO)
Slovak investors note potential in Georgia's energy sector
Czechs expel 18 Russian envoys, accuse Moscow over ammunition depot blast
Azerbaijan's State Treasury Agency to update information systems via tender
Earthquake hits Georgia
Iran, Serbia FMs meet in Tehran
Magnitude 5.8 earthquake hits Japan
Kazakhstan’s COVID-19 caseload up by 2,822
Iran's trade turnover with Pakistan shrinks
Brazil registers over 370,000 deaths from COVID-19
5.8-magnitude quake strikes off Japan's Miyagi Prefecture
Iraq reports 6,552 new COVID-19 cases, 970,987 in total
More than 805,000 COVID-19 infections detected worldwide over past 24 hours
5.1-magnitude quake hits 20 km S of Mandraki, Greece
Israel reports 142 new COVID-19 cases, 836,882 in total
Yemen's Houthi rebels say launch drone attack on Saudi air base
India's sports minister tests positive for COVID-19
Weekly review of highlights in Azerbaijan's transport sector
EU to hand over 30 vehicles to Georgia Border Police
Turkish scientist works on drug that can ‘kill COVID-19 in 2 days’
Uzbekistan may start production of its own vaccine against COVID-19 by the end of the year
Russia's Eastwind, Turkmenistan's Turkmensvyaz to sign contract
UK records another 2,206 coronavirus cases, 35 deaths
Iranian official offers upbeat assessment of progress in nuclear talks
Volume of goods transported by Azerbaijan’s vehicles in 2021 disclosed
Indonesia reports 5,041 new COVID-19 cases, 132 new deaths
Global COVID-19 deaths surpass 3 mln - Johns Hopkins University
Geostat reveals volume of Russian exports to Georgia
Solar panel station put into operation in Iran’s Razavi Khorasan Province
New auction to be held for Azerbaijani Finance Ministry's mid-term bonds
Georgia increases import of vehicles from Turkey
Kyrgyzstan imposes restrictive measures at airports
Bahar Azadi gold coin price rebounds in Iran
Foreigners to pass simplified visa procedures for 2021 F1 Azerbaijan Grand Prix
Serbian FM to visit Tehran today
Azerbaijan discloses number of COVID-19 vaccinated citizens
Azerbaijan confirms 2,148 more COVID-19 cases, 2,287 recoveries
Armenia falsified Caucasian Albania temples in Azerbaijan - rep of religious community
Iran to send trade attaché to Azerbaijan
Weekly review of major events in Azerbaijan's oil & gas sector
Azerbaijan shares footage from Jabrayil's Dash Veysalli village (VIDEO)
Armenia strived to create history for itself in Azerbaijan's lands - Head of Albanian-Udi community
Iran reveals COVID-19 data for April 17
Volume of loaded and unloaded cargo in Iran’s Charak port climbs
Azerbaijani oil prices on rise
VICE News report on Armenia's attack on Azerbaijani Barda nominated for award
Weekly review of main events in ICT sector of Azerbaijan
Earnings from fuel savings in Iran paid to investors
Uzbekistan's CCI, Portuguese Industrial Association establish co-op
Buy/sell operations at Iran Mercantile Exchange soar
Rosatom, Uzbekistan working on contract for building nuclear power plant
Turkmenistan to create electronic exchange database
IMF calls on Georgia to reduce capital expenditures in case of lockdown
Russia reports a new high of 9,321 coronavirus cases since March 20
Azerbaijan's Albanian-Udi Christian community members visit ancient temple in Tugh - Trend TV (PHOTO)
OSCE MG should force Armenia to follow terms of trilateral statement - Azerbaijan's Parliament
Weekly review of Azerbaijani currency market
Azerbaijan, Turkic Council discuss creation of joint digital tools
Weekly review of Azerbaijani precious metals market
EU rep should follow int'l law before meeting with separatist in Karabakh - expert
Potential areas of Turkmenistan’s interaction within Visegrad Group+Central Asia framework identified
Georgia reports 1,219 new coronavirus cases for April 17
Georgia holds auction for privatization of state property
Azerbaijani MP talks about spring session of IPA CIS held in Russia's St. Petersburg
Georgia continues to conduct research on Namakhvani HPP
Iran unveils details exports from Maragheh County
Kazakhstan reveals total number of TEU containers shipped along Aktau-Baku feeder line
There have always been good grape varieties in Pirshaghi – white and black Shani - President Aliyev
Participants of Azercell Student Bursary and Internship Programs share their success stories
All news