Parliament of the Republic of Kazakhstan ratified the Loan Agreement with the Asian Development Bank
05.03.10 15:44
/IRBIS, March 5, 2010/ - Senate of the Parliament of Kazakhstan ratified the
Loan Agreement with the Asian Development Bank, stated in the report released
today the Ministry of Transport and Communications of the Republic of
Kazakhstan.
As indicated on March 5, 2010 the Minister of Transport and Communications of
Kazakhstan Mr. Abelgazi Kussainov at the meeting of the Senate has introduced
a law on ratification of the Loan Agreement with the Asian Development Bank for
the second tranche.
The amount of this Agreement, signed on December 2009, up $ 187 million in the
whole Asian Development Bank, the project of reconstruction of the international
transit corridor "Western Europe - Western China" represented by loans totaling
$ 700 million.
It is reported that the second tranche will be used to finance the reconstruction
of the site 79 km from the cement concrete pavement in the Zhambyl region.
"This stretch of road has been designed with a design speed of 120 km / h with
the translation in the technical category I with 4-band movement. Given the
expected traffic volume of more than 15 thousand cars a day, road pavement
was designed with a device coating of cement concrete. Will be built 2 transport
interchanges , reconstruction of 4 bridges, 80 culverts, "- stated in the message.
According to the ministry, currently under the procedure for selection of
contractors, who in May to begin work.
[2010-03-05]