Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Almaty, Sept. 16 (Xinhua) — The Asian Development Bank (ADB) has approved a sovereign-guaranteed loan equivalent to $400 million for Kazakhstan's national company KazAvtoZhol to build a new highway in the south of the country, business information center Kapital.kz reported, citing the bank's press service.
The project involves the design and construction of a 102 km long section of the highway bypassing the city of Saryagash in the Turkestan region. The new highway will be equipped with an intelligent traffic management system and will reduce the load on city streets, reduce travel time and increase the mobility and efficiency of the region's transport system.
“The construction of the bypass road around Saryagash will strengthen Kazakhstan’s trade and transport links in the region, as well as with external markets in East Asia and Western Europe, which will help realize the country’s potential as a key transit hub,” said Utsav Kumar, ADB Country Director for Kazakhstan. –0–
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