EDB to invest $1 billion in infrastructure projects in Kazakhstan

EDB to invest $1 billion in infrastructure projects in Kazakhstan

This year, the Eurasian Development Bank's investments in Kazakhstan's economy will reach approximately $1 billion. The pool of priority projects will cover transportation, industry, energy, agriculture, as well as the construction and modernization of social infrastructure. Kazakh Prime Minister Olzhas Bektenov and EDB’s Chairman Nikolai Podguzov discussed the joint implementation of infrastructure projects, emphasizing the importance of attracting investments to fulfill the initiatives of the Head of State in the development of the road network, housing construction, and gas infrastructure. It is noteworthy that last year, the EDB financed a number of major projects in Kazakhstan, including a polypropylene production plant, the acquisition of mainline locomotives, the construction of wind power stations in the Kostanai region, and others. The country’s share of annual investments grew to 59 percent in 2023.