IBRD Loan: US$2.125 billion
TERMS: Maturity = 25 years; Grace = 5 years
Project Description: The South West Roads project in Kazakhstan will help upgrade the trade route linking China to Russia and Western Europe through Kazakhstan, bringing a helpful economic stimulus to some of Kazakhstan’s poorest provinces. The project will boost Kazakhstan’s competitiveness and bring significant economic benefits to Kazakhstan, as well as to Kyrgyz Republic, Tajikistan and Uzbekistan. Much of the road network in Kazakhstan was constructed during the Soviet era and has significantly deteriorated since then due to lack of adequate maintenance.