Kazakhstan will attract up to $6 billion from the Asian Infrastructure Investment Bank (AIIB). The corresponding Framework Agreement was ratified by the Kurultai in two readings. The document establishes a unified legal framework for the implementation of the Bank’s future projects and provides for the application of its rules and standards. This will help accelerate the launch of infrastructure projects in Kazakhstan and attract investment in transport, energy, digital connectivity, green finance, and healthcare. Over the next five years, the Bank plans to finance 17 major projects in Kazakhstan.
«In the near future, work will begin on financing a number of infrastructure projects, including the reconstruction of the Zhezkazgan-Karagandy, Aktobe-Karabutak-Ulgaisyn, Atyrau-Dossor, and Moiynty-Kyzylzhar roads and railway lines. This is in line with the Head of State’s instructions on large-scale infrastructure development. In the long term, the implementation of these projects by the Bank will contribute to GDP growth, job creation, the development of the private sector and small and medium-sized businesses, the promotion of innovation, and improvements in the investment climate and the country’s credit rating,» said Serik Zhumangarin, Kazakh Deputy Prime Minister and Minister of National Economy.
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