Kazakhstan ratifies loan agreement with IBRD to deliver internet connectivity to rural areas
President Kassym-Jomart Tokayev of Kazakhstan signed into a law the loan agreement, reached between Kazakhstan and the IBRD under the Digital Acceleration for an Inclusive Economy (DARE) Project for Kazakhstan, Kazinform News Agency reports.
As Zhaslan Madiyev, the Digital Development, Innovation and Aerospace Industry Minister, said, the project aims at bridging the digital divide among urban and rural areas.
The agreement eyes development of telecommunications infrastructure, that is, building local area networks in rural areas as well as creating conditions for private investments in the sector and supporting small- and medium-sized communication operators.
A total amount of investments is estimated at 84 billion tenge, of which up to 50% of capital expenditure will be subsidized through the project, including 42 billion tenge private financing and 42 billion tenge loan from the World Bank.
Earlier, it was reported Kazakh President Kassym-Jomart Tokayev signed into a law the allied relations treaty with Kyrgyzstan.
