“The global division of the European Investment Bank, EIB Global, has signed a loan agreement for €200 million with the Development Bank of Kazakhstan (DBK). This financing will help attract investments from public and private organizations in the development of sustainable transport infrastructure, including the Trans-Caspian Transport Route, and projects aimed at diversifying renewable energy sources, as well as other initiatives to combat climate change,” said the European Union (EU) Delegation to Kazakhstan.
The investments will be used to implement the road restoration program of the national road operator of Kazakhstan, KazAvtoZhol, which provides for improving transport links and the quality of infrastructure throughout the country.
"This initiative is a key step towards the implementation of the Trans-Caspian Transport Route, a key component of the EU's Global Gateway strategy to strengthen ties between Europe and Central Asia. It also represents the first practical outcome of the four memoranda of understanding signed by EIB Global with the Development Bank of Kazakhstan and the Central Asian republics at the EU-Central Asia Investment Forum in January 2024," the statement said.
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