Nursultan Nazarbayev has signed an Act of the RK «About ratification of Agreement regarding Loan between Republic of Kazakhstan and Asian Bank for Development”, official website of the President of Kazakhstan informs

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Resolution of the Committee for economical development and entrepreneurship of the Senate of Parliament reads: Kazakhstan borrows money from Asian Bank for Development for reconstruction of road section with the length of 7.7 km of the second technical category with two-lane traffic with transferring into another category with cement concrete pavement and four-lane traffic, as well as the construction of new road section “Taraz By-Pass” with the length of 57.4 kilometers within the Project “Western Europe – Western China”.

The amount provided by Asian Bank for this purpose is 95 million dollars with the payback period for 20 years, including 4 years of preferential period, and co-financing by the Government of the Republic of Kazakhstan will not exceed 17 million dollars