Mongolia will be the construction of highways connecting China and Russia and Kazakhstan, ADB will provide 700 million U.S. dollars for the transformation of the Sino-Russian highway.
The Asian Development Bank on the 13th release information, said the ADB will provide Kazakhstan with 700 million U.S. dollars in financial assistance for the transformation of China-Russia highway. Known as the "Central Asia Regional Economic Cooperation corridor" between China and Russia highway length of 2715 kilometers east from the border with Kazakhstan Horgos Ximukente through Almaty and the west, Kazakhstan and the Russian borders.
ADB's general manager of West and Central Asia Department Juan? Miranda said, this new "Silk Road" will trade between China and Europe energize, but also for the economic development of Kazakhstan and its neighbors provide a rare opportunity. Once this transformation of the completion of highways by 2015, its passage rate than the current 40% increase, while operating costs will be cut in half. It will effectively strengthen the linkages between countries in the region, improve road transport safety and reduce traffic accidents.
The project total investment of about 67 billion U.S. dollars, of which the Asian Development Bank provided 700 million U.S. dollars, the Islamic Development Bank to provide 414 million U.S. dollars. Kazakhstan believes that the successful implementation of this project will allow some of the original need for shipping commodities to China by land, and to attract other Central Asian countries, the transport of goods. Source: China Highway Network
