RSSPlans are progressing in Kazakhstan for the project to construct the Big Almaty Ring Road. A number of investors are involved in financing the project and are planning to invest US$1.2 billion in the ring road. The contract will include construction and operation of the project. Strong interest has been shown in the project by the EBRD, the 943 Asian Development Bank, IFC, and the 2417 Islamic Development Bank.
Meanwhile according to Kazakhstan's Committee of Roads, the economic effect of the Western Europe-Western China (WE-WC) transport corridor's section will total $300 million. After the highway is completed, freight traffic in Kazakhstan will grow threefold to 33 million tonnes/year.
Meanwhile according to Kazakhstan's Committee of Roads, the economic effect of the Western Europe-Western China (WE-WC) transport corridor's section will total $300 million. After the highway is completed, freight traffic in Kazakhstan will grow threefold to 33 million tonnes/year.
