17.02.2010, 18:01 2638

Majilis passed ratification of agreement on loan between Kazakhstan and ADB

The deputies of Majilis of Parliament of Kazakhstan at the plenary session passed the bill on ratification of the agreement on the loan (Regular Operations), (Transport Corridor CAREC-1 (sites in the Zhambyl area), (the International Transit Corridor - Western Europe - Western China), the Investment program - Project 2) between Kazakhstan and the Asian Development Bank (ADB), the agency reports.

Astana. February 17. Kazakhstan Today - The deputies of Majilis of Parliament of Kazakhstan at the plenary session passed the bill on ratification of the agreement on the loan (Regular Operations), (Transport Corridor CAREC-1 (sites in the Zhambyl area), (the International Transit Corridor - Western Europe - Western China), the Investment Program - Project 2) between Kazakhstan and the Asian Development Bank (ADB), the agency reports.

According to the conclusion of Majilis Committee for International Affairs, Defense and Security, "the agreement is aimed at attraction of the loan for the project realization on reconstruction and development of a network of highways and reconstruction of complexes of road operational service."

"The Asian Development Bank grants Kazakhstan a loan of $187 million. The period of loan repayment - 25 years, including a five years' grace period. The interest rate is equal LIBOR+02 % for each period."

Co-financing of the government of Kazakhstan will not exceed $33 million. The resources of the republican budget will be directed for co-financing of construction works and tax payment.

This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.

Found an error in the text?

Select the error and press Ctrl + Enter at the same time.

relevant news

Most viewed