08:04 23-12-2014
MAIN Russian
About us On-line subscription
KazakhstanTajikistanUzbekistanKyrgyzstanTurkmenistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
EBRD provides $9 million loan to Kazakh company leasing freight wagons for LPG, oil transportation

Bishkek (AKIpress) - olzhaThe European Bank for Reconstruction and Development (EBRD) is further supporting private sector involvement in Kazakhstan’s transport sector by increasing financing to JSC Olzha.

Olzha, a joint stock company, will receive an additional US$ 9 million – in addition to a loan of US$ 24.8 million approved last year – to support the development and growth of the company.

Olzha provides operating leases for freight wagons to corporate clients in Kazakhstan and beyond, mainly for the transportation of liquefied petroleum gas (LPG) and oil products. The company has been active in the market for the last 19 years. Olzha will use the new EBRD financing to purchase about 100 freight wagons and a locomotive, to meet market demand.

“By supporting further development of the company, the EBRD will strengthen the expansion of the private sector supply of operating lease services and promote the application of modern business practices,” said Ekaterina Miroshnik, EBRD Director for Infrastructure, Russia and Central Asia.

Kazakhstan has one of the world’s largest railway networks. With its vast territory and lack of a significant water transport alternative, railways play a key role in the national transport sector, accounting for some 60 per cent of all freight movement.

Since the beginning of its operations in Kazakhstan, the EBRD has invested close to US$ 6.5 billion in the country’s economy, with more than half of the Bank’s projects supporting the private sector.


Twitterfacebookprint
17:38 31.03.2014
LATEST NEWS
17:42 MP Altybayeva suggests to suspend license allowing Kazakhmys Gold Kyrgyzstan to export gold ore from Bozymchak17:24 National Institute for Strategic Studies, ISOC discuss cooperation in ICT17:04 Parliamentary committee on budget and finance supports bill to raise excise tax on tobacco16:59 South Korea prosecutors investigate data leak at nuclear power plants16:47 Building process of Upper Naryn Cascade HPPs16:39 Parliamentary elections in Uzbekistan competently administered but lacked genuine competition and debate, say OSCE/ODIHR observers16:28 Nazarbayev meets with Poroshenko in Kiev16:12 Kazakhstan’s GDP growth makes up 4.2% in 11 months 201415:47 Government reviews draft agreement on Kyrgyzstan's accession to Eurasian Economic Union15:46 Kazakhstan oil production 1.3% down in 2014 - Economy Ministry15:41 President Atambayev heads to Moscow to attend sessions of CSTO Collective Security Council, Supreme Eurasian Economic Council15:40 Spain's Princess Cristina to face tax fraud trial15:32 Prime Minister outlines three challenges of energy sector to be solved in near future15:30 Turkmenistan pays tribute to first president15:15 President, Chairman of National Bank discuss access improvement of financial institutions and entrepreneurs to cheaper long-term loans15:02 Government allocates 5-mln-som budget loan for Leilek FEZ14:50 Rehabilitation center for children in Naryn receives car14:43 Nazarbayev arrives in Kiev14:26 Kazakhstan's central bank to change its inflation forecast to 5.8% in 201514:00 China tells U.S. it opposes cyber attacks amid Sony hack
Astana
-3° C
Ashgabat
+13° C
Bishkek
+8° C
Dushanbe
+11° C
Tashkent
+9° C
exchange rates
 
72.35
58.90
9.47
0.97
223.34
182.05
29.26
3.21
6.44
5.26
0.85
0.09
2984.62
2409.67
388.81
45.20
3.49
2.85
0.46
0.05

© AKIpress News Agency - 2001-2014
Use of the AKIpress.com materials must be accompanied by a hyperlink to www.akipress.com
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75