During the Kazakhstan delegation’s visit to Washington, an agreement on financing the construction of the Karaganda–Zhezkazgan road was signed at the World Bank headquarters.

The agreement was concluded between JSC “NC KazAutoZhol”, the International Bank for Reconstruction and Development (IBRD), and the Asian Infrastructure Investment Bank (AIIB).

The project is aimed at developing transport infrastructure, enhancing transit potential, and improving regional connectivity. The new road is expected to significantly reduce travel time, increase road safety, and provide an additional impetus to the development of Central Kazakhstan.

Competitive procedures are currently in their final stage. The length of the road will be 457 km, and the loan amount is 650 billion tenge. Design and construction of the road will begin this year.

The project will also contribute to the development of logistics, increase the investment attractiveness of the region, and create new jobs.

Construction works are expected to start in the near future.

#Economy #Finance #Serik Zhumangarin

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