The Asian Development Bank will provide USD800 million to help upgrade roads and boost trade in Kazakhstan. The loan will finance the reconstruction of some 790 kilometers of roads in the province of Mangystau Oblast, the country’s main mineral- and oil-producing region located along the Caspian Sea.
The rehabilitation of roads in Mangystau Oblast is part of a broader Central Asian initiative that seeks to better link the region with other parts of Asia and Europe.
ADB is also providing approximately USD45 million worth of financing for the rehabilitation of Kyrgyzstan’s power sector, which is currently hampered by losses and inefficiencies.
The assistance includes a USD16.7 million loan and a separate USD28.1 million grant for Kyrgyzstan’s Power Sector Improvement Project, which is designed to address the weak financial and corporate management of the sector. The project also aims to repair the country’s dilapidated power infrastructure.