29 Aug '16, 9am

ADB approves $240M to help Kazakhstan modernize transport, improve connectivity

ADB approves $240M to help Kazakhstan modernize transport, improve connectivity 29 August 2016 The Asian Development Bank (ADB) has approved a $240.3-million loan to help Kazakhstan modernize its transport system. Improved transport connectivity will help increase trade links between Kazakhstan and the markets in East Asia, the Caspian Sea region, and further to Europe. The project will reconstruct and upgrade about 299 km (186 miles) of a deteriorated section of the Aktobe–Makat road in the western part of the country, and introduce a modern transport information system to increase road traffic safety and logistics effectiveness. It will also establish fast transportation links connecting Astana and Aktobe with the major oil and mineral–rich city of Atyrau, and the country’s only international commercial seaport in Aktau. The road is part of the Trans-Caspian Sea Transit ...

Full article: http://www.greencarcongress.com/2016/08/20160829-adb.html

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