ASTANA, Kazakhstan, March 4. A Memorandum of
Understanding has been signed between the Government of Kazakhstan
and the Asian Development Bank for the implementation of 15
prospective projects worth about $5.5 billion in 2026-2029,
Trend reports via the
Kazakh government.
The document opens opportunities for launching large-scale
economic initiatives. Planned projects will focus on regional
connectivity, disaster resilience, water resource management,
housing and utilities modernization, and the development of
Kazakhstan’s housing market. The ADB will also continue financing
private sector initiatives, including projects in agriculture,
transport, and logistics.
In addition, KazAvtoZhol and the ADB signed an agreement for the
construction of a 102-kilometer bypass road around the city of
Saryagash, with access to Uzbekistan through the B. Konysbayev
border crossing.
The new road will divert transit traffic away from residential
areas, improving safety for residents, accelerating road transport,
and enhancing trade efficiency between Kazakhstan and
Uzbekistan.
Kazakhstan became the first Central Asian country to join the
ADB in 1994. Over more than three decades of cooperation, the bank
has supported over 170 projects in the country worth more than $7
billion, playing a key role in infrastructure development, public
sector governance, financial systems, and renewable energy
promotion.
