Project description
and objectives:
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The proposed project will aim at facilitating and increasing financing available to private farms, agribusiness companies and traders for purchasing/leasing key agricultural equipment, mainly Russian-made grain combine-harvesters and tractors but also Western made machinery, especially seeding implements.
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Transition impact:
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Transition impact is expected to derive from the strengthening of linkages with agricultural equipment manufacturers and increase of interregional trade, as the majority of the equipment expected to be financed will be Russian-made. A direct positive impact on the availability and quality of grain is expected by usage of better and newer machinery. Better grain quality will enhance competitiveness of exports from Kazakhstan and allow the country to build further on its competitive advantages.
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The client:
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Privately owned agribusiness companies operating in Kazakhstan. The financing will be channelled Bank CenterCredut, the fifth largest bank in Kazakhstan. The bank will leverage on the already established grain producing and trading clients and offer better access to finance and a wider range of banking services.
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EBRD finance:
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US$ 6 million to Bank CenterCredit.
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Total project cost:
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US$ 6 million.
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Environmental impact:
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The Bank will require Bank CenterCredit to adhere to the Bank’s Environmental Procedures for Leasing and to the Environmental Exclusion and Referral List and this condition is one of the criteria for granting financing to the sub-borrowers. In addition, Bank CenterCredit will require the sub-borrowers to comply with national standards for environment, health and safety and confirm to the Bank on an annual basis that these requirements have been met.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Galiya Essim
Bank CenterCredit
100 Shevchenko Str.
480072 Almaty
Republic of Kazakhstan
Tel. +7 (3272) 588 952
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EBRD contact:
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Assel Aitkhozhina, Operation Leader: aitkhoza@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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