31.03.2010, 18:03 6207

Kazakhstan ratified loan agreement between Kazakhstan and ADB

Kazakhstan ratified the loan agreement between the Republic of Kazakhstan and the Asian Development Bank (ADB), the agency reports citing the president's press service.

Astana. March 31. Kazakhstan Today - Kazakhstan ratified the loan agreement between the Republic of Kazakhstan and the Asian Development Bank (ADB), the agency reports citing the president's press service.

According to the press service, the head of state signed the law of Kazakhstan on ratification of the loan agreement (Transport Corridor CAREC [sites in the Zhambyl area] [the International transit corridor Western Europe - Western China] the Investment Program - Project 2) between Kazakhstan and ADB.

"The text of the law has been published in mass media."

As informed earlier, the purpose of the agreement is granting of loan for financing of reconstruction of the site of the corridor with the extent of 79 kilometers, passing through the territory of the Zhambyl area and four complexes of road maintenance services.

Realization of the project Transport corridor CAREC-1 [the sites in the Zhambyl area] [the International transit corridor - Western Europe - Western China] the Investment program - Project 2 will provide development of transport potential of the country, will considerably increase traffic capacity in the Kazakhstan territory of the international transit corridor and will promote growth of turnover of goods of transit cargoes that will considerably increase a profitable part of the state budget of Kazakhstan.

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