The European Investment Bank (EIB Global) is set to play a pivotal role in supporting sustainable transport initiatives in Central Asia. With an ambitious plan to co-finance projects totaling approximately €1.5 bn, the EU Bank is poised to drive positive change and foster economic development in the region, Daryo correspondent in Brussels reported on January 29.
In addition to the substantial financial commitment to sustainable transport, the EIB Global anticipates mobilizing an additional €3 bn for connectivity projects in Central Asia. The investment is expected to facilitate seamless connectivity between Central Asia and the EU, reinforcing economic ties and creating a robust foundation for the realization of the EU-Central Asia and Global Gateway strategies.
The EU Bank is set to share its extensive global experience in financing projects, providing valuable insights and expertise to ensure the success of initiatives in the region.
Earlier Daryo reported that On January 29 in Brussels, Marat Karabayev, the Minister of Transport of Kazakhstan, held discussions with Georges Gilkinet, the Deputy Prime Minister of Belgium, exploring the promising avenues of collaboration in the transportation sector between their respective nations. Furthermore, Minister Karabayev, as a participant in the Global Gateway Investors Forum, formalized a memorandum of understanding with the European Investment Bank (EIB).
This memorandum delineates financial commitments to support and advance Kazakhstan's transportation sector within the context of sustainable connectivity between Europe and Central Asia. Additionally, another memorandum of understanding was signed between the Economic Development Bank of Kazakhstan and the EIB, with the shared objective of attracting investments to enhance the country's transportation capabilities.
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