EBRD invests $125 million in Kazakhstan Railways' Eurobond issue to modernize passenger stations
Type: Financing · Technology: Transport · Country: Kazakhstan · Value: $125M · Announced: 2026-05-06
The European Bank for Reconstruction and Development (EBRD) committed $125 million to Kazakhstan Temir Zholy's (KTZ) Eurobond issuance, marking a strategic investment to modernize passenger stations across Kazakhstan. This financing aims to upgrade aging rail infrastructure and enhance passenger services as part of KTZ's broader modernization program. The Eurobond proceeds will specifically target the rehabilitation of key railway stations in major cities including Almaty, Astana, and Shymkent. KTZ, Kazakhstan's national railway operator, operates over 15,000 km of track and serves as the backbone of the country's transport network. The EBRD's involvement underscores its commitment to supporting sustainable transport infrastructure in Central Asia through blended finance mechanisms.
Counterparties
- European Bank for Reconstruction and Development (Lender)
- Kazakhstan Temir Zholy (KTZ) (Borrower)