On 28 October 2026 KazAvtoZhol, Kazakhstan’s national road operator, signed a loan agreement for up to 700 million US dollars with a syndicate of Halyk Bank, Bank CenterCredit and Eurasian Bank. The arrangement runs until 2034, with Halyk Bank as organiser and agent bank.
The official announcement makes clear that this is a refinancing of existing obligations to the Development Bank of Kazakhstan with funds from commercial banks, not new borrowing for road construction and not a new road tender. Deputy Prime Minister and Minister of National Economy Serik Zhumangarin said the deal frees up part of the Development Bank’s lending capacity for new priority infrastructure projects and widens the role of commercial banks in financing the real economy.
Source: Ministry of National Economy of the Republic of Kazakhstan
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