EBRD to finance the reconstruction of hydro-reclamation systems of three regions of the Republic of Kazakhstan
Within the framework of the Annual Meeting of the EBRD Board of Governors in Cyprus, Minister of Finance Bakhyt Sultanov and First Vice President of the European Bank for Reconstruction and Development Phil Bennett signed a guarantee agreement on financing the project Reconstruction of water management and hydro-reclamation systems of the Aktobe, Zhambyl, and South Kazakhstan regions.
The European Bank for Reconstruction and Development provides a loan to the National state enterprise on the basis of economic control rights KazVodKhoz of the Committee for Water Resources of the Ministry of Agriculture of the Republic of Kazakhstan for up to 180 million USD under sovereign guarantee.
These funds will be used for the reconstruction of water management and hydro-reclamation systems of Aktobe, Zhambyl, and South Kazakhstan regions, which will improve the efficiency of existing irrigation systems and improve the quality of irrigated land and its coverage with irrigation water.
Source: Government of the Republic of Kazakhstan