ASTANA, Kazakhstan, July 24. Kazakhstan Railways, supported by Samruk-Kazyna, inked an agreement to attract a syndicated loan from Abu Dhabi Commercial Bank and Deutsche Bank in the amount of up to 480 million Swiss francs for three years, Trend reports.
The financing is attracted as part of the implementation of the instruction of the President of the Republic of Kazakhstan, Kassym-Jomart Tokayev, from January 28, 2025, on the accelerated development of the Trans-Kazakhstan railway corridor.
The President Tokayev noted the importance of activating the construction of the “Moyinty – Kyzylzhar” line, modernizing overloaded infrastructure sections, and expanding the country’s transit potential.
“The funds from the syndicated loan will be directed to advance key projects of the Trans-Kazakhstan railway corridor, including the construction of the “Moyinty – Kyzylzhar” section, modernization of overloaded railway network sections, as well as refinancing previously attracted obligations of Kazakhstan Railways,” the statement says.
The development of the Trans-Kazakhstan railway corridor has strategic significance for strengthening Kazakhstan’s position as a key transit hub between China, Central Asia, and Europe. The implementation of infrastructure projects within the corridor will reduce cargo delivery times, lower logistics costs, create new jobs in the regions, and diversify foreign trade routes, thereby increasing the sustainability of the national economy and the country’s transit attractiveness.
The Trans-Kazakhstan railway corridor (TKRC) is a strategically important transport artery connecting China with the Caspian Sea ports through the territory of Kazakhstan. It is a key element of the Trans-Caspian International Transport Route (TITR), which links China, Kazakhstan, Azerbaijan, Georgia, Türkiye, and Europe.
