Modernization of 5,000 km of roads to be carried out in Kazakhstan with funds from the DBK, DKnews.kz reports.
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.
In addition, emergency bridges and culverts will be reconstructed. An automated system for measuring the weight and dimensions of vehicles on the restored road sections will also be launched.
Overall, the implementation of the project will make a significant contribution to unlocking the transport and logistics potential of the regions by improving the technical characteristics of roads. The throughput capacity and comfort of the transport highways will be increased. This will give an impetus to the further development of adjacent settlements, increase business activity among the population, accelerate the process of informatization of transport services, and reduce financial and time costs for transportation, which in turn will have a positive impact on the development of the country's agricultural and industrial sectors.
