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Islamic Development Bank allocated $170 million for realization of project Western Europe - Western China

31.07.2009, 14:36 5343

Astana. July 31. Kazakhstan Today - Islamic Development Bank has allocated $170 million for reconstruction of the site of the road of the transport project - Western Europe - Western China in Kazakhstan. The agreements were signed today between the government of Kazakhstan and Islamic Development Bank in Astana, the agency reports.

According to press service of the Ministry of Transport, the allocated funds will be directed for reconstruction of the road: border of the South Kazakhstan area - Taraz with extent of 58.1 kilometers.

"The repayment term is 20 years, grace period - 4 years, and the fixed rate - 5.1 %," B. Zhamishev informed.

The loan will be paid from the republican budget.

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