Majilis submitted ratification of agr't on loan between Kazakhstan and Asian Development Bank

ASTANA. September 18. KAZINFORM Draft law on ratification of the agreement on loan between Kazakhstan and the Asian Development Bank on West Europe -West China was submitted to Majilis (lower chamber of the Kazakh Parliament) at the today's plenary session chaired by Nurlan Nigmatullin, the press service of the chamber informed.

The loan is aimed at financing the Shymkent-Tashkent road sector's reconstruction.

The project's implementation will provide country's transport potential and rise rate of traffic flow on the territory of Kazakhstan. In such a way cargo turn-over will be increased and budget revenue will be raised respectively.