Description

The South West Roads Project aims to increase transport efficiency along the road sections between Aktobe/Kyzylorda Oblast border and Shymkent and to improve road management and traffic safety in Kazakhstan. The project is providing US$2,125 million in lending to the Republic of Kazakhstan through an IBRD loan approved on April 30, 2009. The project restructuring was prepared in response to a request from the Republic of Kazakhstan dated December 30, 2014 to reallocate US$217 million of project savings to finance an additional 85km of the road section north of Almaty, connecting Almaty with Karaganda and the capital city Astana, beyond the original project location. The restructuring entails: (i) an extension of the loan closing date, (ii) creation of an additional financing category and reallocation of funds among financing categories, (iii) modification of the Project Development Objective (PDO) to reflect the location of the additional works, and revision of target values of corresponding Intermediate Outcome Indicators, (iv) modification of project description, and (v) revision of disbursement estimates. The restructuring does not modify the safeguard category nor trigger new safeguard policies.