“The loan amount that was preliminarily approved makes up to $1 billion,” Akim Dosayev responded at a briefing at the Central Communications Service.
The creditor has not yet been selected, but the list of potential ones includes International Finance Corporation (IFC), EBRD, Asian Development Bank, and China Eximbank.
Dosayev believes that financial terms will be determined by the end of the first quarter of next year.
KazTAG had reported that this year it is planned to begin developing a feasibility study for the second metro line from the Zhibek Zholy station to the airport, the preliminary length of the line will be 14 km and eight stations.
The third launch complex of the second stage of the first metro line from the B. Momyshuly station to the Kalkaman station is under construction. The planned completion date is December 2026. The Kalkaman station is located along Abay Avenue on the northern side west of Ashimov Street.
Photo source: picture from an open source