KTZ secures 480 mln Swiss franc loan for rail corridor projectsKazakhstan Temir Zholy (KTZ), the national railway operator, has secured a three-year syndicated loan worth 480 million Swiss francs from Abu Dhabi Commercial Bank and Deutsche Bank to finance key projects under the Trans-Kazakhstan Railway Corridor initiative."The funds will support construction of the Moiynty-Kyzylzhar section, modernization of congested rail network segments, and refinancing of KTZ's existing obligations," according to a company statement released Wednesday. The financing aligns with President Kassym-Jomart Tokayev's January 2025 directive to accelerate development of the strategic transport route."The Trans-Kazakhstan railway corridor is strategically vital to cementing Kazakhstan’s position as a key transit hub linking China, Central Asia, and Europe. The corridor’s infrastructure projects will cut cargo delivery times, reduce logistics costs, generate regional jobs, and diversify trade routes, while enhancing both the national economy’s resilience and Kazakhstan’s appeal as a transit hub," Kazakhstan Temir Zholy (KTZ) said in a statement.KTZ, wholly owned by the Samruk-Kazyna sovereign wealth fund, manages Kazakhstan's rail, seaport, and airport infrastructure. The Trans-Kazakhstan corridor forms part of the broader Trans-Caspian International Transport Route connecting China to Europe via Azerbaijan, Georgia and Turkey. (ICE ALMATY)

Fonte notizia: INTERFAX