Amangeldy Issenov, Deputy Chairman of the Management Board at the Eurasian Development Bank (EDB), and Meirzhan Myrzaliyev, Deputy Akim (mayor) of Kostanay Region, signed a memorandum of understanding and cooperation at the Kostanay Invest 2018 Regional Investment Forum. The document envisions cooperation in the area of energy, mechanical engineering, infrastructure, agricultural processing, mining, and the manufacture of construction materials and food products.
Under the memorandum, the EDB undertakes to consider the opportunity of extending finance for Kostanay Region’s projects proposed by the mayor’s office in the framework of the Bank’s procedures and arrange interaction in the course of the joint financing of investment projects.
“Kostanay Region is one of the dynamically developing regions in Kazakhstan. The Bank already has Kostanay Region’s projects in its portfolio, such as financing supplies for the Sokolov-Sarbai Mining Production Association and RG Brands Kazakhstan’s operations. The EDB is open to new initiatives and believes that its participation will add impetus to the development of the region,” Amangeldy Issenov commented.
The parties also agreed to share information on project preparations and potential support measures.
Original source: EDB
Published on 12 October 2018
