Project description
and objectives:
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The proposed project is a USD 40 million framework facility consisting of
loans to participating leasing companies in Kazakhstan to finance leases of
equipment and machinery to local businesses. The project will support the
development of the leasing sector in Kazakhstan through increasing the
availability of lease financing for purchase and replacement of fixed assets
by Kazakh businesses and promoting competition among participating leasing
companies.
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Sub-projects:
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Transition impact:
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The transition impact of the project stems mainly from the following sources:
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Development of leasing in Kazakhstan by providing access to external funding
sources for participating leasing companies and encouraging competition among
them. The project will also support development of private lessors to compete
with the dominant state-owned leasing company.
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Development of small and medium-sized enterprises by ensuring access of SMEs
to lease financing and assisting them in purchasing new and replacing the
outdated machinery and equipment.
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The client:
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Financing will be channelled through participating leasing companies in
Kazakhstan that can demonstrate a satisfactory operational and financial
viability, a capable management team and commitment to SME financing.
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EBRD finance:
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USD 40 million (EUR 31.4 million).
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Total project cost:
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USD 40 million (EUR 31.4 million).
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Environmental impact:
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Leasing companies participating in this facility will be required to adopt and
implement EBRD's Environmental Procedures for Leasing for all transactions
financed through this facility. Any training programme for credit officers and
risk managers of participating leasing companies will include an environmental
component.
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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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N/A
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EBRD contact:
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Botagoz Abdrakhmanova, Operation Leader: abdrakhb@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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