OREANDA-NEWS. January 18, 2010. Eurasian Development Bank, bonds of which are present in Kazakhstan Stock Exchange (KASE) official list, provided to KASE the following press release, reported the press-centre of KASE:

Eurasian Development Bank signed with Siberian coal and energy company a credit agreement under the investment project on technical improvement of coal mining in Siberia. In compliance with signed agreement the Bank will open the credit line to the amount of USD55 m for 5 years.

Eurasian development Bank funds will be used to procure 25 new trucks BelAZ for strip mines in Khakasia, Buryatia and Kemerovo.

The used technical equipment if necessary for efficient work and production indicators of Siberian coal and energy company, which will allow coal production capacity development.

The project will significantly facilitate sustainable economic growth in Siberia and mutual trading between Russia and Belarus.