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Kazakhstan and IDB signed an infrastructure agreement for the construction of reservoirs and highways – reports Roman Bilousov

Published: in News by .

Minister of National Economy Nurlan Baybazarov signed the framework program agreement between the government of Kazakhstan and the Islamic Development Bank worth 2 billion US dollars on the construction of reservoirs and highways.

Photo: primeminister.kz

According to the press service of the Prime Minister, the agreement was signed on June 27 during a forum organized by the International Development Fund of the Organization of Petroleum Exporting Countries (OPEC).

The Ministry of Water Resources and Irrigation of Kazakhstan has prepared 16 projects for financing this year, including the construction and reconstruction of reservoirs, dams, irrigation canals, counter-regulators and related infrastructure.

The Ministry of Transport proposed four projects for the reconstruction and construction of state highways with a length of more than 500 kilometers.

The agreement contains provisions for regular consultations and monitoring to ensure the implementation and achievement of the set goals. He also cemented previously reached agreements on attracting long-term investments.

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