08:37 25-10-2014
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
17:40 OSCE supports regional explosive ordnance disposal course for specialists from Central Asia, Afghanistan17:23 Kurmanjan Datka to be screened in Los Angeles17:18 Kyrgyz white hat brings Roy Jones Jr. luck in fight vs Hany Atiyo17:14 Electricity social tariff should be made socially-economic to meet growing electricity needs – First Vice PM16:52 China economy to grow 7.4 percent in 2014, 7 percent in 201516:52 Ex-Minister of Tajikistan, 14 others accused of major fraud, Emomali Rahmon's relatives among witnesses16:48 Environmentalists of Kyrgyzstan condemn bill allowing livestock grazing in natural reserves16:38 Kazakh oil output to rise with Kashagan after 2020 - official16:25 Electricity price remained unchanged in Kyrgyzstan for 15 years – First Vice PM16:19 Current water volume in Toktogul dam not enough for electricity generation15:59 Islam Karimov awards Gurbanguly Berdymuhamedov with Independence Order15:53 Asian Para Games: Kazakhstan wins 24 medals ranking 11th15:45 President Atambayev signs order on opening of Embassy of Kyrgyzstan in Baku15:42 Two Afghan districts, bordering with Tajikistan, can move under control of Taliban15:41 Around 3,000 gas cylinders to be handed over to poor families of Osh region15:34 Kyrgyz Energy Ministry promises to keep current electricity tariffs until December 201415:30 Karaganda region to commission 6 new plants by end of 201415:25 Kyrgyzstan exceeds electricity consumption limits for 302 million kWh15:18 Sweden calls off search for submarine15:09 Kyrgyzstan generates 10.1 billion kWh of electricity for 9 months of 2014
Astana
-4° C
Ashgabat
+23° C
Bishkek
+19° C
Dushanbe
+19° C
Tashkent
+22° C
exchange rates
 
71.00
56.08
9.04
1.35
228.80
180.87
29.57
4.32
6.33
4.99
0.82
0.12
3084.28
2367.40
385.74
61.13
3.60
2.85
0.47
0.07

© 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