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Central Asia Kazakhstan Monitoring

Kazakhstan, EBRD sign agreements on infrastructure projects at CA Investment Forum

Ust Kamenogorsk Transport Company and European Bank for Reconstruction and Development (EBRD) signed a credit agreement up to KZT 5.4 bln at today’s Central Asian Investment Forum.

The project under the agreement is aimed at improving the service quality increase and environmental improvement in the city. It provides for acquiring 85 buses up to EURO 5 ecological standard. Besides, EBRD and Universal Energy Co., Ltd signed a preliminary agreement worth KZT 17.5 bln on realization of the solar power station construction project with a capacity of 30 MW in Zharminsky district.

It is noteworthy, East Kazakhstan region and EBRD signed credit agreements to the amount of KZT 87.5 bln on 13 projects.

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