EDB Works On Several Kazakh Transport Infrastructure Dev't Projects - Chairperson
Date
6/27/2024 7:30:29 AM
(MENAFN- Trend News Agency)
ALMATY, Kazakhstan, June 27. The Eurasian
Development bank (EDB) participates in several projects on the
development of transport infrastructure in Kazakhstan, the chairman
of the EDB Board Nikolay Podguzov told Trend .
He made the remark on the sidelines of the bank's annual meeting
and business forum in Almaty.
"Kazakhstan faces a very serious issue with transportation
connectivity and the development of transportation infrastructure.
Many routes pass through Kazakhstan - both North-South and
West-East. Here we participate, for example, in the Ayagoz-Bakhty
project. This is a project that allows us to develop infrastructure
within the framework of the Eurasian transportation framework. We
participated in the development of the feasibility study, and now
we will move to the stage of project implementation," Podguzov
said.
According to him, EDB is also involved in a large number of
projects related to the rehabilitation and improvement of the
quality of regional roads.
"The same BAKAD project, where an international syndicate of
banks organized financing. In general, there are a large number of
projects. This includes projects within the framework of
trans-Caspian routes. This is the development of port
infrastructure, roads, and railroads. This is all very relevant and
requires implementation," the Chairman of the Bank's Management
Board added.
To note, the EDB 2024 Annual Meeting and Business Forum is
taking place in Almaty on June 27–28.
The events will feature a series of sessions on the topics of
Islamic finance, transport, ecology, energy, and digital
technologies.
The Eurasian Development Bank is a multilateral development bank
carrying out investment activities in the Eurasian region.
The EDB's authorized capital is $7 billion. The main share in
the EDB portfolio is occupied by projects with an integration
effect in the areas of transport infrastructure, digital systems,
green energy, agriculture, industry and mechanical engineering.
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