Development Bank of Kazakhstan completed second phase of Aktau International Airport reconstruction

/KASE, February 28, 13/ – Development Bank of Kazakhstan (Astana), bonds of which are officially listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following press release of February 28, 2013: quotation In February, has been completed the second phase in Aktau International Airport reconstruction and modernizing of the runway (hereinafter – the Project), with the total cost over USD47 mln. The Project has been implemented with involvement of the national Development Bank of Kazakhstan (hereinafter – DBK) in 2011. The DBK loan amount made up USD36.8 mln. Implementation of the second phase allowed increasing the level of servicing and ensuring Aktau Airport safety. We remind that in 2010, under implementation of the first phase was put into operation the modernized passengers terminal. The terminal new servicing halls are able to serve over 3.5 million passengers a year. Aktau Airport is an important strategic area hub for Kazakhstan, which connects transport corridors of Western Europe and East Asia. The extension and modernizing of the airport provides competitive advantage to participate in the transport corridor "North-South, which serves transit cargo traffic from Gulf States. Nowadays, Aktau Airport takes the third place in Kazakhstan on the number and volume of transportations after airport of Almaty and Astana. The airport provides services to more than 90 domestic and foreign air companies. Aktau International Airport functions beginning 1983 and is equipped for landing and take-off of civil aviation aircrafts. In May 2011, Aktau Airport was recognized the winner of the "CIS Countries Best Airport of a Year" contest in the "Perspective Developing Airport" nomination. Development Bank of Kazakhstan was established in 2001. The Bank activities main areas – development of production infrastructure and processing industry, facilitation in attraction of external and internal investments to the country economy. ends [2013-02-28]