Olzha Phase III Loan


The project extends a secured loan to JSC Olzha, a private operator of freight wagons in Kazakhstan, to acquire new freight railcars.

Expected Outcome

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.

Expected Outputs

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.
Phase 3 will further facilitate implementation of the original objectives and promote enhancing corporate governance standards via setting up the audit and risk committees.

Project Types



Funding AgencyAmount (USD millions)Notes
European Bank for Reconstruction and Development 11
Total 11