The parties signed the relevant agreement at the UN Climate Change Conference (COP29) held in Baku. Kazakh Deputy Prime Minister and Minister of National Economy Nurlan Baybazarov noted that this is the largest project financed by the Islamic Development Bank in its history, the press service of the Kazakh Government reported.
In addition, the Islamic Development Bank (IDB) will allocate a grant of $3.5 million for the development of the water sector of Kazakhstan.
The IDB will also participate in the implementation of the project ‘Development of Climate Resilient Water Resources’ developed by the Ministry of Water Resources and Irrigation. Earlier the parties signed the Protocol of negotiations on the first phase of the project.
The first stage of the project includes the construction of 4 new and reconstruction of 4 existing reservoirs, reconstruction and overhaul of 115 canals, including the Astana reservoir recharge project. Construction works will take place in Akmola, Almaty, Zhambyl, Kyzylorda, Turkestan, West Kazakhstan regions, Zhetisu region, and Astana city.
In addition, the project provides for technical cooperation between IDB and the Ministry in the study of water and river basin problems by the Kazakh Research Institute of Water Management, as well as evaluation of the implementation of early response systems for the Information and Analytical Centre for Water Resources.
This includes plans to technically equip the Republican State Enterprise Kazvodkhoz and build an automation centre to improve water management.
