Development Bank of Kazakhstan has arranged up to $700 million in financing for NC QazAvtoJol from a syndicate of commercial banks to rebuild republican highways.
NC QazAvtoJol signed an agreement to refinance part of its obligations to DBK using funds from a syndicate of second-tier banks comprising Halyk Bank, Eurasian Bank, and Bank CenterCredit. The banking syndicate will take over part of the road restoration project’s funding.
DBK has been involved in financing the project since 2024. The total value of DBK’s loan agreement is $1 billion. To date, work has wrapped up on 164 sections covering 3,272 km. Work continues on another 60 sections spanning 1,594 km, including stretches along the Samara – Shymkent, Jezkazgan – Petropavlovsk, Dossor – Aktau routes, and other strategic corridors. DBK’s participation spans 15 regions of Kazakhstan.
