Location: South-East Kazakhstan
Sector: Rail and Road Connectivity
Source of funding: Publicly guaranteed loan from Exim Bank of China
Total cost: USD 253 mln
Implementer: n/a
Start (of construction): 2017
Planned completion: 2020
INVESTORS SUMMARY
The Export-Import Bank of China: The Export-Import Bank of China is a state-funded and state-owned policy bank with the status of an independent legal entity. It is a bank directly under the leadership of the State Council and dedicated to supporting China’s foreign trade, investment and international economic cooperation. With the Chinese government’s credit support, the Bank plays a crucial role in promoting steady economic growth and structural adjustment, supporting foreign trade, and implementing the “going global” strategy.
DESCRIPTION OF THE PROJECT
In May, 2019 reconstruction works started on Merke-Burylbaital republican road. At the moment, milling works are being carried out on the existing pavement at km 220-221, the earthworks are performed at km 221-222 road section, namely existing subgrade is deconstructed by an excavator and bulldozer, earthworks are graded by the grader and embankment is compacted by rollers. The construction of 276 numbers of culverts, rest areas, covered bus stops, 6 numbers of bridges and 3 numbers of overpasses, 11 illuminated road junctions are planned to be done.
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