OREANDA-NEWS. Joint-stock company "National Company" Kazakhstan Temir Zholy " jointly with subsidiaries signed loan agreement with the European Bank for Reconstruction and Development, under which granted a loan of up to 30 bln tenge for the period of 10 years. This loan is provided for the implementation of investment projects aimed at the development of logistics, infrastructure modernization and refinancing in local currency loan of JSC "Locomotive" previously provided to HSBC Bank PLC and China Development Bank Corporation in United States dollars.

This transaction was carried out with the support of the National Bank of Kazakhstan and is the first major deal concluded in the national currency between the JSC "National Company" Kazakhstan Temir Zholy "and the European Bank for Reconstruction and Development.

The signing of the above loan agreement once again confirmed the high level of trust from the international financial institutions to the Joint-stock company "National Company" Kazakhstan Temir Zholy" having credit ratings at the investment level.