Almaty street lighting to undergo modernization worth $ 34 mln

The European Bank for Reconstruction and Development will issue 34 million dollars loan for the Almaty Kala Zharyk company for the implementation of the project for modernization of the street lighting in the city of Almaty. 

The loan agreement was signed Tuesday during the meeting of Almaty mayor Akhmetzhan Yesimov with EBRD President Sir Suma Chakrabarti.

Mayor Yesimov said modernization of the city's street lighting will meet the principles of the green economy strategy of Kazakhstan.

In addition Mr. Yessimov noted the significant potential for cooperation with the Bank in all sectors of the urban economy.

In his turn, EBRD President expressed readiness to continue cooperation with Almaty and said the EBRD is pleased to support the project. The new energy-efficient technologies will reduce the spendings of the city budget on maintenance of street lighting and electricity consumption by 30%.