Kourkoumelis & Partners News Investment in road sector in Kazakhstan
Investment in road sector in Kazakhstan
06/11/2015 10:22

EBRD and the government of Kazakhstan have both agreed to boost cooperation on road sector reform and investment and therefore signed a Memorandum of Understanding agreeing in financing the remaining section of Astana-Almaty highway. According to the aforementioned MoU the Bank shall support the national economic policy. One of the first projects under this agreement is expected to be the modernization of an 80 km road section between the villages of Kurty and Buribaytal of the Centre-South road corridor, connecting the capital Astana and the largest city Almaty. EBRD is expected to support road projects carried out both by state entities and private companies, including under private - public partnership (PPP) schemes.