Loan agreement between Kazakhstan and ADB ratified
13:45, 10 June 2009
ASTANA. June 10. KAZINFORM /Muratbek Makulbekov/ The Kazakh Majilis has approved the draft Law ?On ratification of the Loan Agreement between the Republic of Kazakhstan and the Asian Development Bank?; Kazinform reports.
The Agreement is aimed at implementation of the project of reconstruction and development of the road network, improvement of roads on the money provided under the ADB loan amounting to USD 340 mln.
The loan will allow to develop the country?s transport potential, increase the cargo turnover of transit goods and promote foreign economic activity.