The European Bank for Reconstruction and Development (EBRD) has provided financial support to enhance Kazakhstan's significant logistical hub
The European Bank for Reconstruction and Development (EBRD) extended a loan of up to $40 million to Kazakhstan. This loan aims to bolster the modernization of logistical infrastructure and alleviate congestion points along the Trans-Caspian International Transport Route (TITR). This initiative stems from a study focused on fostering sustainable transport links between Europe and Central Asia.
The European Bank for Reconstruction and Development (EBRD) has allocated a loan to Eastcomtrans, Kazakhstan's primary private rolling stock operator. This funding is intended to expand the container handling capacity near Almaty, a crucial and congested area. The aim is to ensure uninterrupted operations within their railway park.
Eastcomtrans, an EBRD client since 2014 and owner of 8% of Kazakhstan's total rolling stock, plans to utilize the loan to enhance its Zhetygen logistical center. This includes acquiring around 250 new railcars and maintaining their current stock. Positioned close to the Chinese border and adjacent to Kazakhstan's major city, this upgraded logistical hub will play a vital role in the Trans-Caspian International Transport Route (TITR), easing cargo flow within Kazakhstan. Anticipating increased trade volumes, especially in container traffic between Asia and Europe, the hub aims to meet the rising demand for freight transit.
Part of this initiative involves Eastcomtrans implementing an equal opportunities strategy to enhance female employment in typically male-dominated roles and provide accredited training for both young men and women.
With a substantial investment of over 10 billion euros (US$11.1 billion) across 313 projects in Kazakhstan, the EBRD has established itself as the largest and longest-serving banking operation in Central Asia.
