EBRD invests US$ 125 million in Kazakhstan Railways bond

• EBRD to invest US$ 125 million in Kazakhstan Railways Eurobond issue
• Investment to support modernisation of passenger railway stations
• Funds will help improve regional connectivity and enhance operational efficiency

The European Bank for Reconstruction and Development (EBRD) is helping to improve Central Asia’s regional connectivity and boosting the operational efficiency of Kazakhstan Temir Zholy (KTZ or Kazakhstan Railways) by investing up to US$ 125 million in a Eurobond issue by the company of up to US$ 1 billion, which was listed on the London Stock Exchange, Kazakhstan Stock Exchange and Astana International Exchange.

The EBRD’s investment will help to modernise passenger stations across Kazakhstan, supporting improvements in their safety and operational performance. The updated stations will have higher throughput capacity, modern lighting and significant enhancements for disabled passengers.

Additional infrastructure upgrades financed by the bond will take place along the Trans-Caspian Corridor and will help make rail transportation between Europe and Asia more sustainable. KTZ owns and operates a 16,400-kilometre railway network and manages more than 1,700 locomotives, 46,800 freight cars and 2,300 passenger cars.

The EBRD will also mobilise technical cooperation funds to help KTZ adopt international standards for railway passenger transportation. This will include supporting the firm’s efforts to strengthen its cybersecurity.

The EBRD has invested almost US$ 12 billion (€10.8 billion) in Kazakhstan through 352 projects, making the country the largest and longest‑running recipient of EBRD investment in Central Asia.