https://central.asia-news.com/en_GB/articles/cnmi_ca/newsbriefs/2017/05/11/newsbrief-01

European bank finances Kazakhstani irrigation projects

Staff Report

ASTANA -- The London-based European Bank for Reconstruction and Development (EBRD) is helping upgrade Kazakhstani irrigation systems with a $180 million (56.9 billion KZT) financing package, the EBRD said in a Wednesday (May 10) statement.

EBRD and Kazakhstani officials signed the loan agreement in Cyprus. Kazakhstan is providing $21.4 million (6.8 billion KZT) of its own money on top of the $180 million.

The project is meant to "finance new water connections and water meters, and facilitate the use of modern drip-irrigation technologies" in Aktobe, Zhambyl and South Kazakhstan provinces, said the EBRD. Better water access in those provinces could create up to 40,000 jobs, added the EBRD.

Do you like this article?

1
0 Comment(s)
Comment Policy
Captcha *