EBRD may invest $1 bln in infrastructure modernization, renewable energy projects in Kazakhstan in 2025

ASTANA. April 15 (Interfax) - The Eurasian Development Bank (EBRD) is currently considering projects in Kazakhstan worth over $4.5 billion for financing this year, with plans to invest more than $1 billion in modernizing infrastructure and energy facilities and developing renewable energy, the head of state's press service said.

Kazakh President Kassym-Jomart Tokayev met with EBRD Board Chairman Nikolai Podguzov, who reported on the development institution's current results and plans. The bank invested $1.4 billion in the country's economy in 2024, with Kazakh projects accounting for 60% of its portfolio, Podguzov said.

"In 2025, projects worth over $4.5 billion are under consideration. It is planned that more than $1 billion in investments will be allocated for modernizing infrastructure and energy facilities and developing renewable energy sources, transport and logistics including the reconstruction of national roads, as well as for industry and digital technologies," the press service said.

The EBRD will continue to "support the development of Kazakhstan's financial market and investment attraction, working closely with partners and multilateral organizations," Podguzov said.

The EBRD is an international development bank with an authorized capital of $7 billion. Its shareholders include Russia, Kazakhstan, Belarus, Armenia, Kyrgyzstan and Tajikistan.