NUR-SULTAN, Kazakhstan, Sept. 14, 2021 /PRNewswire/ — The Eurasian Growth Financial institution (EDB) has received the celebrated worldwide Environmental Finance’s 2021 IMPACT Award within the power class. The profitable mission is Atyrau road lighting (Kazakhstan).
The Atyrau road lighting mission was accomplished this April. The brand new lighting community covers 238 streets and the Atyrau–Aktobe freeway and has a complete size of 242,620 metres.
The EDB prolonged KZT 8 billion for the event and implementation of this public-private partnership initiative. The implementing firm was Batys Transit.
The mission has carried out energy-efficient and energy-saving measures, together with an automatic out of doors lighting management system and LED lamps, which has helped to scale back upkeep prices by 36% and annual carbon dioxide emissions by 0.6828 tons.
The development of the brand new road lighting community has additionally helped to lower the variety of highway accidents within the metropolis within the night and at night time by 44%. The variety of crimes has declined by 0.5%. The power prices of the road lighting community have been reduce by 80% and upkeep prices by 36%. New streetlights have additionally been constructed on the streets that had not had road lighting earlier than.
“The development of the road lighting community in Atyrau has had a serious environmental and social affect on life all through town. I’m glad that the mission has now been recognised internationally. Financing inexperienced power tasks is among the many Financial institution’s priorities and is in keeping with the ESG approaches enshrined in its new technique. Over the previous 5 years, now we have prolonged vital monetary help for renewable power, power effectivity, and waste administration tasks. The whole funding has exceeded US $650 million,” mentioned Amangeldy Issenov, Vice Chairman of the EDB Administration Board.
The Eurasian Growth Financial institution (EDB) is a global monetary establishment selling integration and improvement in its member nations. For 15 years, the Financial institution has labored to strengthen and broaden financial ties and foster complete improvement in its member nations – Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia, and Tajikistan. The EDB’s constitution capital totals US $7 billion. The EDB’s portfolio primarily consists of tasks with an integration impact within the areas of transport infrastructure, digitalisation, inexperienced power, agriculture, trade, and mechanical engineering. The Financial institution adheres to the UN Sustainable Growth Targets and ESG rules in its operations.
SOURCE Eurasian Growth Financial institution (EDB)