Kazakhstan’s minister of national economy, Nurlan Baibazarov, has announced that the country is to repair its water management system following recent severe floods.
“The floods that took place in the spring showed the underdeveloped infrastructure of the country’s water management system. We have identified 16 projects that require investments of more than 500 billion tenge [over $1 billion],” Baibazarov said.
According to the minister, preferential financing will come from from the Saudi Islamic Development Bank. Funds are provided for an extended period at a very low rate, enabling the resolution of long-standing issues in this sector.
The renovation of the water management system will include the construction of reservoirs and irrigation canals and the fortification of the technical infrastructure for all services.
“First of all, according to the instructions of the head of state, we will carry out a complete renewal of equipment and facilities in the Ministry of Emergency Situations system. In the water sector, we will also equip the Kazvodkhoz system with the necessary equipment,” Baibazarov added.