IFC, MIGA, AIIB and Standard Chartered Support Almaty Railway Bypass with $300 Million Investment in Kazakhstan Temir Zholy
Kazakhstan, Jan. 13 -- Kazakhstan's state-owned railway operator, Joint Stock Company National Company Kazakhstan Temir Zholy (KTZ), has secured up to $300 million equivalent in Swiss-franc-denominated financing from IFC, the Asian Infrastructure Investment Bank (AIIB), and Standard Chartered (SC), with SC's participation supported by a proposed guarantee from the Multilateral Investment Guarantee Agency (MIGA). This long-term financing aims to improve logistics efficiency in Kazakhstan, strengthen trade and competitiveness, and enhance regional connectivity.The financing, comprising an IFC investment of up to $50 million, an AIIB loan of up to $150 million, and an SC loan of up to $100 million supported by a proposed MIGA guarantee, will f...
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