Baku, Azerbaijan, Sept. 1
Trend:
Kazakhstan’s Sovereign Wealth Fund Samruk-Kazyna JSC will finance 20 percent of the cost of construction of the Saryarka gas pipeline, Deputy Prime Minister Yerbolat Dossayev told Interfax-Kazakhstan.
He noted that the Development Bank of Kazakhstan and the Eurasian Development Bank will pay the rest of the construction cost.
He explained that Samruk-Kazyna will participate in the construction through Astana Gas KMG LLP, a subsidiary of KazTransGaz JSC.
The Saryarka gas pipeline is planned to be built in four stages. The first stage involves the construction of the gas pipeline on the Kyzylorda-Zhezkazgan-Karaganda-Astana route with a length of 1,081 km.
In the second stage, it is envisaged to extend the gas pipeline from Astana to Kokshetau, in the third stage - to Petropavlovsk.
The final, fourth stage, provide the construction of compressor stations Zhezkazgan and Temirtau.