ADB agrees $167m loan for Kazakhstan road project
The Asian Development Bank has approved a $167.02 million loan for a project that will rehabilitate and reconstruct 89km of road between Aktobe and Kandyagash, which will connect major trade routes in Kazakhstan.
The project will upgrade the existing two-lane highway connecting Aktobe to Kandyagash to a divided four-lane one equipped with climate-resilient features, while constructing gender-sensitive service facilities. The project will reconstruct all bridges, build two new bypasses of villages, and improve road safety.
The loan will be disbursed to KazAvtoZhol National Joint Stock Company (KazAvtoZhol), established in 2013, which is responsible for the planning, construction, operation, and maintenance of national highways of Kazakhstan. The project will also strengthen KazAvtoZhol’s institutional capacity by providing equipment, staffing, and training on financial management, procurement, project management, gender, and social safeguards management.
