• KGS/USD = 0.01185 0.85%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09377 -0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01185 0.85%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09377 -0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01185 0.85%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09377 -0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01185 0.85%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09377 -0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01185 0.85%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09377 -0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01185 0.85%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09377 -0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01185 0.85%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09377 -0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01185 0.85%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09377 -0.21%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 2

ADB Funds Wastewater Management and Sustainable Tourism in Issyk-Kul, Kyrgyzstan

On June 24, the Asian Development Bank (ADB) announced its provision of $56 million to improve wastewater management and enhance sustainable and inclusive tourism in Kyrgyzstan’s Issyk-Kul region. The funding comprises a $25 million concessional loan and a $31 million Asian Development Fund (ADF) grant. The Issyk-Kul region, with its rich ecological and biological diversity and Issyk-Kul Lake, has long been a popular tourist destination, with some 80% of holidaymakers choosing to stay at the lakeside resort of Cholpon-Ata. However, due to its age, the town’s wastewater network currently serves just half of the permanent population and excludes almost a third of tourism facilities. To address the issue, ADB funds will be invested in a climate-resilient infrastructure including a wastewater treatment plant, pumping stations, and improved sewer infrastructure, serving Cholpon-Ata's  main resorts, guesthouses, residential and business sectors. In tandem with helping preserve the environment around the lake, the initiative will support local authorities in developing a climate-resilient tourism master plan for the area. The project will also boost the area's tourism infrastructure through the creation of a museum and information centre, improving and conserving the local archaeological heritage site, constructing bike trails and walking paths around the lake's shoreline, upgrading three public parks, and facilitating access to green spaces. ADB Director General for Central and West Asia Yevgeniy Zhukov commented: “Economic growth can be driven by low-carbon tourism built on sound environmental practices and climate-resilient infrastructure. ADB’s project addresses critical challenges faced by Cholpon-Ata’s tourism industry. By integrating environmental improvements and wastewater investments with tourism infrastructure, we are helping shift Kyrgyz Republic to a low-carbon growth trajectory.”    

EBRD Finances Wastewater Treatment Plant in Kazakhstan

The European Bank for Reconstruction and Development (EBRD) has announced its commitment to financing the construction of a new wastewater treatment plant and associated infrastructure in Aktobe. The initiative is aimed to address pressing water treatment and environmental issues in Kazakhstan’s fourth-largest city. The EBRD is extending a sovereign loan of up to KZT 47.4 billion (€ 96.4 million) to state-owned JSC Aqtobe Su-Energy Group, a company responsible for centralized water supply, wastewater treatment and district heating in the city. The loan by the EBRD, its largest to date for any municipal project in Central Asia, will also finance the construction of a sludge treatment facility with a biogas-fuelled power generation unit. The new treatment plant will replace the current facility which commissioned in 1984, is now obsolete. With capacity to process up to 100,000 cubic metres of contaminated water per day, it will satisfy the needs of Aktobe’s population of 600,000. The proposed sludge treatment facility, which includes a waste-to-energy unit for the production of green energy to partially cover the area’s electricity consumption, will eliminate odour-related problems, and help reduce annual greenhouse gas emissions by 23,000 tons of CO2 equivalent. It is anticipated that once in operation, the plant will provide a model for replication across Kazakhstan where almost a third of cities are currently without effective wastewater treatment facilities