ASTANA, Kazakhstan, September 15. Asian Development Bank (ADB) has committed to finance two new road projects in Kazakhstan with its sovereign-guaranteed loans starting from 2024, a source at the ADB told Trend.
"ADB will continue supporting Kazakhstan in upgrading transport infrastructure and strengthen its resilience. ADB has committed to finance two new road projects with its sovereign-guaranteed loans starting from 2024. These are reconstruction of 208-km section of Kyzylorda-Zhezkazgan road; and construction of 102-km bypass road of Saryagash town," the source said.
As the source noted, ADB is conducting due diligence for both projects.
"For Kyzylorda-Zhezkazgan project the invitation for bids was published on 28 August 2023 with bids submission deadline of 12 October 2023. We expect that the project documents for Saryagash Bypass project will be finalized by April 2024. Kazakhstan's KazAvtyoZhol company is the borrower and the implementing agency for both projects," the source said.
According to the Bank, transport sector has been one of the most important areas of ADB’s operations in Kazakhstan.
"During 2008-2019, ADB financed six loans totaling $1.9 billion to reconstruct about 805 km of roads on major corridors of the republican network. Currently, ADB finances two road reconstruction projects with a total length of 407 km - Aktobe-Makat and Aktobe-Kandyagash sections," the ADB said.
As the source added, in the midterm perspective, ADB will address infrastructure bottlenecks and support inclusive economic growth - with transport investments to be playing a key role in promoting social inclusion in the country, regional cooperation and integration, and support climate change mitigation and adaptation.
The country partnership strategy (CPS), 2023–2027 of the Asian Development Bank (ADB) for Kazakhstan aims to provide support to accelerate resilient and sustainable growth for all by focusing on three pillars: addressing climate change impacts and supporting decarbonization, promoting inclusive economic growth, and strengthening governance and developing capacity. Crosscutting themes include supporting private sector development, promoting gender equality, and strengthening and diversifying regional cooperation and integration.