The EDB invests KZT 32 billion in the construction of the Nurly Zhol automobile checkpoint on the Almaty–Horgos road
Almaty, 5 April 2018. The Eurasian Development Bank (EDB) has extended Eurotransit Terminal the first tranche under the loan agreement to finance the construction and operation of the Nurly Zhol automobile checkpoint and the operation of a transport and logistics centre on a section of the Western Europe – Western China road using a PPP mechanism. Under the agreement, the EDB’s financing for the programme will total KZT 32 billion. The loan facility is extended until April 2020.
The Nurly Zhol automobile checkpoint is part of Eurasia’s Europe–China land transport corridor to be built under the initiative to develop the transit capacity of the EDB member countries’ transport systems and the Europe – Wester China road corridor project – the only transboundary project to develop transport infrastructure approved by the governments of Russia and Kazakhstan.
“This project is in the transport infrastructure sector, which is one of the Bank’s priorities,” Andrey Beliyaninov, Chairman of the EDB Management Board, comments. “It is also important to the EDB that the project promotes economic integration between its member states by creating transport infrastructure at the large trade and logistics node of the Europe – Western China road corridor running through Kazakhstan and Russia. The project will be a component of the system for through, high-speed cargo transportation along the Europe–China route.”
The project is expected to enhance transport infrastructure and transit potential of Kazakhstan’s transport system, which is one of the country’s strategic transport development priorities. In particular, it will create cutting-edge infrastructure to handle traffic, promote the development of transport and logistics services throughout the country, and create prerequisites for boosting foreign and domestic trade.
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB's charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.
The EDB Media Centre:
+7 (727) 244 40 44, ext. 6147 (Almaty)
Eurotransit is a Kazakh logistics provider offering all types of freight forwarding, customs clearance, warehousing and cargo handling services. The company was established in 2012 and has a wide network of offices in and beyond Kazakhstan.
The main long-term objectives of the company are to:
- revive the Great Silk Road;
- revive the transit potential of Kazakhstan;
- construct transport and logistics centres at all motor and rail road checkpoints at the Kazakhstan–China border; and
- provide all types of logistics services, including transportation, customs clearance, warehousing, handling and delivery to final destination.
The company has united the transport infrastructures of China and Europe to develop the Nurly Zhol – The Way to the Future and One Belt One Road projects. Eurotransit has established six transport and logistics centres at the Kazakhstan–China border to provide comprehensive solutions to the problem of logistics infrastructure. These include two rail checkpoints, Altynkol and Dostyk, and four automobile checkpoints, Maikapchagai, Bakhty, Horgos and Kalzhat.