Batys Tranzit Changes Agreement on Construction of Electricity Line
OREANDA-NEWS. October 22, 2009. Batys tranzit (Almaty), bonds of which are present in Kazakhstan Stock Exchange (KASE) official list, provided to KASE the letter # 948 with the attached copy of resolution of the Government of the Republic of Kazakhstan "On changes and additions to the concession agreement on construction and exploitation of electricity line "North Kazakhstan - Aktobe Region" of October 13, 2009 # 1584, reported the press-centre of KASE.
In the letter Batys tranzit informs that:
Hereby joint stock company Batys tranzit notifies on adoption of resolution of October 13, 2009 # 1584 of the Government of the Republic of Kazakhstan "On changes and additions to the concession agreement on construction and exploitation of electricity line "North Kazakhstan - Aktobe Region" of December 28, 2005 and the Guarantee Agreement of January 9, 2006 # 2DP002".
in compliance with this resolution the Government of the Republic of Kazakhstan increased the size of guarantee on infrastructural bonds, issued within the project on construction and exploitation of electricity line "North Kazakhstan - Aktobe Region" to the amount of KZT3,137,290,000.
Thus, the government guarantee volume makes up an amount equal to infrastructural bonds face value - KZT18,830,000,000 and the interest accrued on offered bonds.
These changes and additions increase the investment attractiveness of the project and improve guarantee terms, protecting investors interests that in the future shall facilitate the concessional project implementation.
Комментарии