The Development Bank of Kazakhstan and the European Investment Bank (hereinafter referred to as EIB Global) have signed a €200 million agreement to support infrastructure development and green energy projects in Kazakhstan. The funds will be allocated to improving the country’s transport network, implementing the Trans-Caspian International Transport Route, and advancing renewable energy initiatives to combat climate change.
"The EIB’s framework loan aims to support two key sectors of Kazakhstan’s economy, facilitating the country’s transition to a more diversified and sustainable economic model. This investment will enhance transport infrastructure, ensuring faster and more reliable connectivity between Europe and Central Asia. Additionally, the loan will assist Kazakhstan in diversifying its energy sector and mitigating the effects of climate change by promoting renewable energy sources, reducing reliance on fossil fuels, and cutting greenhouse gas emissions," stated EIB Vice President for Kazakhstan, Kyriacos Kakouris.
Funding for regional road rehabilitation will enhance highway capacity, strengthen Kazakhstan’s position as a major transit hub in the region, attract investment, support industrial development, and create new jobs. The national road management operator, KazAvtoZhol, is leading the road rehabilitation program in collaboration with DBK.
Meanwhile, investments in the energy sector will focus on expanding renewable energy sources, helping to reduce CO₂ emissions and facilitating the transition to more sustainable and cost-effective energy solutions.
"DBK actively attracts international financing to support infrastructure projects, renewable energy, and low-carbon initiatives in Kazakhstan while developing blended finance mechanisms. We will continue working in this direction. We are confident that our partnership with EIB Global will enable the implementation of vital projects benefiting both the economy and society," said Chairman of the Management Board of DBK, Marat Yelibayev.
