Location: South kazakhstan (Shymkent)
Sector: Infrastructure
Source of funding: USD 197 mln - Asian Development Bank USD, 181.2 mln - Kazakh Ministry of Transport and Communications
Total cost: USD 378.2 mln
Implementer: Kazakhstan Ministry of Transport and Communications, KazAvtoZhol Joint Stock Company (JSC - Operator)
Start (of construction): 2012
Planned completion: 2016
INVESTORS SUMMARY
The Asian Development Bank was conceived in the early 1960s as a financial institution that would be Asian in character and foster economic growth and cooperation in one of the poorest regions in the world. The ADB in partnership with member governments, independent specialists and other financial institutions is focused on delivering projects in developing member countries that create economic and development impact.ADB assists its members, and partners, by providing loans, technical assistance, grants, and equity investments to promote social and economic development. In the Annual Report of 2018, ADB announced the adoption of a new corporate strategy and highlights the transition in progress across all aspects of its operations and organization to meet the needs of its developing members.One of the goals of ADB is to strengthen its role as a leading provider of development knowledge and expertise to DMCs seeking support to implement policies, programs, and projects that utilize international best practices and learnings. ADB began supporting Kazakhstan in 1994 and has since approved over $5 billion in sovereign loans, non-sovereign loans, and guarantees in support of Kazakhstan’s development. It also contributes to Kazakhstan’s active participation in the Central Asia Regional Economic Cooperation (CAREC) Program.
ADB operations in Kazakhstan are implemented under the country partnership strategy, 2017–2021 and follow three strategic pillars: economic diversification, inclusive development, and sustainable growth. Future ADB operations will help lessen Kazakhstan’s dependence on commodity exports, reduce inequalities, and address vulnerabilities associated with climate change.
Kazakhstan Ministry of Transport and Communications - This government agency is the central executive body in the field of transport, communications, telecommunications and information technology throughout Kazakhstan. They maintain control over the computerization of public services and coordination of public service centers, and inter-sectoral coordination (to the extent provided by legislation).
DESCRIPTION OF THE PROJECT
This project was constructed in cooperation with Kazakhstan government agencies and Chinese investment groups and is line with the aim and policies set out in China’s BRI. Both parties supplied financing for the reconstruction and upgrading of the road section (99 km) connecting the city of Shymkent and the Uzbek border. The project is part of a large upgrading project to further develop the South-West international transport corridor linking Europe with China. Once upgraded, this road will help to accelerate development of regional trade by facilitating the transit of goods and passengers from Uzbekistan and Tajikistan to Kazakhstan, Russia and Western Europe. The Central Asia Regional Economic Cooperation (CAREC) Corridor 3 is one of six priority transport corridors being developed under the CAREC Transport and Trade Facilitation Strategy (2007). It comprises 6,900 kilometers (km) of roads and 4,800 km of railways, running from the West and South Siberian regions of the Russian Federation through Kazakhstan, the Kyrgyz Republic, Tajikistan, Uzbekistan, Turkmenistan, and Afghanistan to the Middle East and South Asia. The Shymkent–Tashkent road section is part of the CAREC Corridor 3, commencing from Shymkent City bypass and extending towards the Uzbekistan border. It connects with the CAREC Corridor 1, linking Western Europe with the People’s Republic of China. Therefore, the Shymkent (Kazakhstan)–Tashkent (Uzbekistan) Section Road is an important conduit for regional and international traffic.
THE PURPOSE OF THE PROJECT
LINKS