The project extends a secured loan to JSC Olzha, a private operator of freight wagons in Kazakhstan, to acquire new freight railcars.
By supporting the acquisition of additional wagons, the project would indirectly support small and medium-sized companies whose business involve transportation of commodities and thus improve trade.
The first loan was signed in July 2013 and aims to
- expand private sector participation;
- develop the leasing market which remains underdeveloped, particularly in the railcar leasing segment); and
- set standards through formal introduction of OHSAS 18001 (safety process and management), which is a key issue for LPG railcars.
|Funding Agency||Amount (USD millions)||Notes|
|European Bank for Reconstruction and Development||11|