OREANDA-NEWS. August 07, 2012. Eurasian Development Bank (EDB) signed a loan agreement with LLP Center of carriage services - Eskene as part of project on construction of a new carriage repair complex in Atyrau region of the Republic of Kazakhstan, reported the press-centre of KASE.

The project envisages construction of a universal complex for repair and maintenance of railway carriages, especially cistern cars.

As part of its financing the Bank will provide USD 56 m for 10 years. The total project cost is USD 70 m.

When implementing the project a strong effect of sustainable development will be achieved due to positive impact on the development of transport machinery and more efficient use of existing transport infrastructure of the Republic  of Kazakhstan. The project will create 263 new jobs. The volume of tax payments from its implementation during crediting period will amount to about USD 56 m. The project also promotes growth of mutual trade between Kazakhstan and Russia - the main part of equipment during construction of carriage repair complex amounted at USD 30 m will be supplied by Russian manufacturers.