/KASE, March 14, 2025/ – Development Bank of Kazakhstan JSC (KASE
ticker – BRKZ) has announced the following:
quote
The Development Bank of Kazakhstan and the European Investment Bank
(hereinafter referred to as EIB Global) have signed a €200 million agreement to
support infrastructure development and green energy projects in Kazakhstan.
The funds will be allocated to improving the country's transport network,
implementing the Trans-Caspian International Transport Route, and advancing
renewable energy initiatives to combat climate change.
"The EIB's framework loan aims to support two key sectors of Kazakhstan’s
economy, facilitating the country’s transition to a more diversified and
sustainable economic model. This investment will enhance transport
infrastructure, ensuring faster and more reliable connectivity between Europe
and Central Asia. Additionally, the loan will assist Kazakhstan in diversifying
its energy sector and mitigating the effects of climate change by promoting
renewable energy sources, reducing reliance on fossil fuels, and cutting
greenhouse gas emissions," stated EIB Vice President for Kazakhstan, Kyriacos
Kakouris.
Funding for regional road rehabilitation will enhance highway capacity,
strengthen Kazakhstan's position as a major transit hub in the region, attract
investment, support industrial development, and create new jobs. The national
road management operator, KazAvtoZhol, is leading the road rehabilitation
program in collaboration with DBK.
unquote
The complete press release is available on –
https://kase.kz/files/emitters/BRKZ/brkz_relizs_130325_1.pdf
[2025-03-14]