Kazakhstan Urban Infrastructure Modernization Program and Finance Facility (ADB-51365-001)

Countries
  • Kazakhstan
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Government of Kazakhstan
The holder of the loan, grant, or other investment.
Sectors
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Mar 13, 2019

Disclosed by Bank Sep 27, 2018


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Project Description

According to ADB website, the ADB, jointly with the World Bank, proposes to establish the Kazakhstan Urban Infrastructure Modernization Program as a medium- to long-term roadmap to ensure sustainable development and financing of urban infrastructure, operationalized through a national level facility the Kazakhstan Urban Infrastructure Finance Facility (KUIFF)(the Project), in the Republic of Kazakhstan. This supports Kazakhstan's annual estimated $20 billion investment need for urban infrastructure and services required for promoting economic diversification, and an environmentally sustainable and inclusive growth for an improved quality of life, aligned with the government's Strategic Plan for Development of Kazakhstan 2025: Technological Modernization for Accelerated Growth and Better Quality of Life.

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Executing Agencies: 

Ministry of Industry and Infrastructure Development
32/1 Kabanbay Batyr Ave., Astana

Ministry of National Economy
Orynbor str., 8, House of Ministries, entr.7,010000 Astana, Kazakhstan

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main