OREANDA-NEWS. September 14, 2009. Eurasian Development Bank, listed on the STF RFCA, provided KASE with a press release, reported the press-centre of KASE:

Management of the Eurasian Development Bank approved on Corporation AIC-Invest attract a loan for financing of construction of a grain terminal in Beineu settlement, Mangistau oblast, Kazakhstan.

It is implied a long-term credit will be taken from Agrarian credit corporation (Kazakhstan), for a total of KZT5.9 bn for construction and installation works and equipment acquisition.

The Bank made the decision within the investment project implemented with Corporation AIC-Invest to boost development of Kazakhstan agriculture. In May 2008 the Bank provided the holding with USD70.6 m credit for 3 years to help purchase and lease agricultural equipment grain producers. According to the credit agreement, the Eurasian Development Bank is considering new loans from third parties for Corporation AIC-Invest.

The project may increase export of Kazakhstan grain up to 1.5 m annually.