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DFF - Atasu II



Project number:


Business sector:


Notice type:


Environmental category:


Approval date:

07 Feb 2023



PSD disclosed:

06 Feb 2023

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

The provision of USD 13.32 million loan (or KZT equivalent) to LLP Atasu Group, one of the intermodal logistics operators in Kazakhstan.

Project Objectives

The Project will be suporting a private company investing in commercial transport operations such as the expansion of fleet and rail freight services. It will also contribute to the development of transportion services along the Middle Corridor.


Transition Impact

ETI score: 61


The project supports a private operator in a market dominated by state-owned enterprises.


The project promotes improvements in current infrastructure services.

Client Information


LLP Atasu Group (the "Company") is a vertically integrated logistics operator providing point-to-point transportation services for an established portfolio of clients. It is predominately active in the railway transportation segment focusing on container transportation of consumer goods and container handling.

EBRD Finance Summary

EUR 12,563,071.77

Total Project Cost

EUR 18,513,071.77


The EBRD offers financing that is not available in the market from commercial sources on reasonable terms and conditions. 

The project allows the company to borrow in US$ with an option to convert to KZT.

Environmental and Social Summary

Categorised B (2019 ESP) and Low-Medium risk. Key E&S risks and impacts to consider include labour and working conditions, occupational health and safety, waste management, operational rail safety and hazardous material management. Environmental and Social (E&S) due diligence was undertaken by the Bank to assess the Company's corporate E&S arrangements and its capacity to implement the Project under the 2019 ESP. ESDD assessed the E&S corporate questionnaire, including the arrangements for the transportation of hazardous materials. No further ESDD is required. The Project is considered consistent with the GET approach and has a GET share 80 per cent, confirmed during due diligence. The Project is considered Paris aligned for climate mitigation as it features in the joint MDB "aligned list" and meets accompanying conditions. No further assessment is required. The Project is deemed not significantly exposed to physical climate risks and is considered Paris aligned for climate adaptation. The PC risk score of the project is 1. The CART is low risk as it is sufficiently geographically diversified based. No second stage assessment is required.

Technical Cooperation and Grant Financing


Company Contact Information

Batyr Abylkassimov
+7 727 2207575 (ext. 220)

PSD last updated

24 Feb 2023

Understanding Transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and the associated Performance Requirements (PRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”.  The ESP and the PRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation as well as to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about environmental and social performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD additionally requires its clients to disclose information, as appropriate, about the risks and impacts arising from projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and Compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all activities of the Bank in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The Bank believes that identifying and resolving issues at the project assessment approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts, and also helps to monitor integrity risks in projects post-investment.

OCCO is also responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, both within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to All matters reported will be handled by OCCO for follow-up. All reports, including anonymous ones, will be reviewed. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD Enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM  via email to get guidance and more information on IPAM and how to submit a request.


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