Kazakhstan ratified an agreement with the ADB loan for the reconstruction of sections of the corridor "Western Europe - Western China" in the Zhambyl region

31.03.10 22:20
/IRBIS, March 31, 2010/ - The President of the Republic of Kazakhstan has signed the Law "On Ratification of the Loan Agreement (Ordinary Operations) (CAREC Transport Corridor [Land in the Zhambyl region] [international transit corridor" Western Europe - Western China "] Investment Program - Project 2) between the Republic of Kazakhstan and the Asian Development Bank, - it's stated in published press service of Head of state today. The purpose of this Agreement is to provide a loan to finance the reconstruction of sections of the corridor for 79 miles, passing through the territory of Zhambyl region, and four complexes of road maintenance services. The agreement was signed between Kazakhstan and ADB 03 December 2009 in Astana. Date of completion - December 31, 2014. Under the terms of the Agreement, ADB provides loan to Kazakhstan for $ 187 million term loan - 25 years, including five-year grace period. In this co-financing of the Government of Kazakhstan does not exceed $ 33 million in general of ADB's project of reconstruction of the international transit corridor "Western Europe - Western China" represented by loans totaling $ 700 million. [2010-03-31]