By Madina Usmanova
Copyright trend
ASTANA, Kazakhstan, September 16. The meeting
of the Coordination Council for Interaction with International
Financial Organizations (IFOs) was held under the chairmanship of
Serik Zhumangarin, Deputy Prime Minister and Minister of National
Economy of Kazakhstan, to discuss issues related to financing large
infrastructure projects under state guarantees, Trend reports.
The participants focused on attracting resources from the
European Bank for Reconstruction and Development (EBRD), the
International Bank for Reconstruction and Development (IBRD), the
Asian Infrastructure Investment Bank (AIIB), and the Islamic
Development Bank (IDB). Particular attention was given to the
construction of the Beineu-Saksaulsky road, which will form part of
the Trans-Caspian international transport route.
On the instructions of President Tokayev, a new 765-kilometer
road, including the Beineu-Saksaulsky and Bozoi-Shalkar sections,
is scheduled to begin construction soon. The EBRD and IBRD
confirmed their support by sending mandate letters of intent to
allocate over $1.4 million.
The meeting also discussed the Transforming Rail and
Connectivity in Kazakhstan project, jointly with the IBRD and AIIB,
aimed at developing the Trans-Kazakhstan railway corridor, as well
as cooperation with the Islamic Development Bank on building
infrastructure in special economic and industrial zones. The
Ministry of Industry and Construction forecasts that providing this
infrastructure could increase the GVA of the manufacturing industry
by 6.1 percent by 2030.
Officials noted that the implementation of these projects will
strengthen Kazakhstan’s position as an international transit
corridor while enhancing economic attractiveness and business
development.
