- EBRD provided KZT 4.1 billion for completion of street lighting upgrade
- Second project under EBRD Green Cities for Ust-Kamenogorsk
- Support from TaiwanBusiness-EBRD Technical Cooperation Fund
The European Bank for Reconstruction and Development is rolling out its Green Cities programme in Kazakhstan by financing street lighting improvements in the city of Ust-Kamenogorsk (Oskemen), the largest municipality in the east of the country.
A senior 10-year loan of KZT 4.1 billion (€8.5 million) will be provided to the Regional Center of Public-Private Partnership of the East Kazakhstan region, which is responsible for the preparation of public-private partnerships in the region. It will allow the upgrade of the street lighting system in Ust-Kamenogorsk to be completed and an additional 6,000 energy-efficient LED street lights along 150 city streets to be installed.
The city of Ust-Kamenogorsk and the Bank have been working on upgrading the city’s street lighting since 2017. Joint efforts have already allowed over 22,000 spotlights to be replaced, more than 400 electric cabinets to be installed and over 340 km of electric cables to be laid. These improvements have contributed to electricity savings, a more efficient operating company and a significant reduction in traffic accidents and crime in the city.
Technical assistance for the project preparation was provided by the TaiwanBusiness-EBRD Technical Cooperation Fund.
With almost €10 billion invested in the country to date through 304 projects, Kazakhstan is the EBRD’s largest and longest-running banking operation in Central Asia.