Opening Asia for Russia

EDB starts financing the Great Alma-Ata Ring Road

10.08.2020 181 просмотров

The amount of EDB financing is 135 million US dollars.

syndicate of creditors with the participation of the Eurasian Development Bank signed According to the signed Financial Close Agreement for the project "Construction of the Big Almaty Ring Road (BAKAD)", creditors begin financing this facility. The issuance of the first tranche is scheduled for the second decade of August. 

In February of this year, the EDB signed an agreement on the general conditions for financing the project. The syndicate of creditors is represented by the Eurasian Development Bank, the European Bank for Reconstruction and Development and the Islamic Development Bank.

Alma Road -ATA.jpg
Illustration courtesy of the EDB Press Center

road network of Alma-Ata and the suburban area, ensure the passage of transit vehicles outside the boundaries of urban development, improve transport services, reduce the level of negative impact of road transport on the environment, increase the operating speed and traffic safety of vehicles. The length of the road will be 66 km, which provides for four- and six-lane traffic. During the implementation of the project, the construction of bridges, transport interchanges, payment points and other necessary infrastructure will be carried out. The estimated speed along the highway will be up to 150 km/h.

The BAKAD project is being implemented under the terms of a concession agreement concluded between the Ministry of Industry and Infrastructure Development of the Republic of Kazakhstan and a consortium of 4 companies: Alsim Alarko Sanayi Tesisleri ve Ticaret A.Ş. , Makyol İnşaat Sanayi Turizm ve Ticaret A.Ş., SK Engineering & Construction Co. Ltd. and Korea Expressway Corporation. The contract was concluded for 20 years on the terms "construction - transfer - operation".

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