/KASE, June 21, 2024/ – Development Bank of Kazakhstan JSC (Astana),
whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release dated June 20, 2024:
quote
In accordance with the instructions of the Head of State and to implement the
Government of Kazakhstan's Plan for Ensuring Economic Growth, JSC
Development Bank of Kazakhstan (a subsidiary of Baiterek Holding) will finance
an investment project to restore over 5,000 kilometers of national roads.
Long-term loan funds amounting to 450 billion tenge will be allocated to JSC NC
KazAvtoZhol under the corresponding agreement. The implementation of these
measures is planned for the period from 2024 to 2027.
The investment project will be carried out across the entire territory of
Kazakhstan. It is planned to restore both national highways and roads connecting
regional centers with settlements in the Abay, Akmola, Aktobe, Almaty, Atyrau,
East Kazakhstan, Zhambyl, Zhetysu, West Kazakhstan, Karaganda, Kostanay,
Kyzylorda, Mangystau, Pavlodar, North Kazakhstan, Turkistan, and Ulytau regions.
unquote
The complete press release is available on –
https://kase.kz/files/emitters/BRKZ/brkz_relizs_200624_1.pdf
[2024-06-21]