ASTANA – As part of the state program for the development of water management, SK Water Solutions LLP is supporting the attraction of an Islamic Development Bank (IsDB) loan for the Republican State Enterprise "Kazvodkhoz". The total amount of approved financing is USD 1.15 billion.
The first tranche of the project has already been successfully raised and amounts to USD 416 million (equivalent to EUR 400 million). These funds will be used to finance priority measures for the construction and reconstruction of key water management facilities in seven regions of the country.
The project includes the construction of new reservoirs and the modernization of existing ones, as well as the reconstruction of irrigation canals, which will significantly improve the efficiency of water resource management and ensure the sustainable development of the agricultural sector.
SK Water Solutions LLP acts as the project coordinator, providing organizational, financial and technical support for its implementation in close cooperation with RSE "Kazvodkhoz" and government agencies.
Work on preparing the next tranche is ongoing.