Development Bank of Kazakhstan funds modernization of 5,000 km of highways

     In line with President Kassym-Jomart Tokayev's directives and the Kazakhstan Government's Economic Growth Plan, Development Bank of Kazakhstan will finance a comprehensive investment project aimed at restoring over 5,000 kilometers of national highways.

     A total of 450 billion tenge in long-term credit funds will be allocated to KazAvtoZhol National Company under the terms of the agreement. These measures are slated for implementation between 2024 and 2027.

     The investment project will span across Kazakhstan, covering the regions of Abay, Akmola, Aktobe, Almaty, Atyrau, East Kazakhstan, Zhambyl, Jetysu, West Kazakhstan, Karaganda, Kostanay, Kyzylorda, Mangystau, Pavlodar, North Kazakhstan, Turkistan, and Ulytau.

     Additionally, emergency bridges of culverts will be reconstructed, and an automated system for measuring vehicle weight and dimensions will be launched on restored road sections.

     Overall, this initiative is poised to significantly enhance the transport and logistics potential of the regions by improving highway technical specifications. It will bolster transport capacity and comfort, stimulate economic activities in adjacent settlements, accelerate the informatization of transport services, and reduce financial and time costs associated with transportation. These improvements are expected to positively impact the agricultural and industrial sectors, fostering further development across the country.