ASTANA, Kazakhstan, December 13. The Eurasian Development Bank (EDB) and the Ministry of Water Resources and Irrigation of Kazakhstan have signed a memorandum of cooperation, Trend reports.
The document was signed by Vice Chairman of the EDB Management Board Ruslan Dalenov and First Vice Minister of Water Resources and Irrigation Bekniyaz Bolat in Astana.
As the EDB noted, the memorandum aims is to establish long-term, mutually beneficial collaboration focused on mobilizing investment and grants for joint water and irrigation projects.
In addition, the parties intend to actively cooperate in financing investment projects and exchange expertise through participation in workshops, conferences and other events.
Meanwhile, the EDB is currently implementing the Central Asian Water and Energy Complex mega-project based on research and projections of the most effective ways to comprehensively develop the sector. Bank analysts have conducted studies such as Investment in the Water and Energy Complex of Central Asia, Regulation of the Water and Energy Complex of Central Asia and Efficient Irrigation and Water Conservation in Central Asia.
The EDB has also identified projects to cater for the region’s electricity and water needs.
In total, over the 17 years of existence of the EDB, 104 projects were implemented in Kazakhstan for a total of $5.6 billion.