Project Details
Olzha Loan Extension
Summary:The project extends a secured loan to JSC Olzha, a private operator of freight wagons in Kazakhstan, to acquire new freight railcars and one shunting locomotive.
Expected Outcome:By supporting the acquisition of additional wagons, the project will 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.

The proposed loan extension would support further expansion of the above original objectives.
Date Approved:2014
Expected Completion:0000
Funding Type:Loan
Funding Amount:European Bank for Reconstruction and Development: $9 million
Links/Documents:EBRD Project Page