Photo: Czaszyn, CC BY 3.0, via Wikimedia Commons (image cropped)

EBRD provides $40m loan to expand Middle Corridor container handling facility

$40m loan will help to alleviate disruptions  along the the Trans-Caspian corridor

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The European Bank for Reconstruction and Development (EBRD) has announced it is providing a loan of $40m to support the development of modern logistical infrastructure in Kazakhstan.

The funds shall be used to expand a facility near Almaty in Kazakhstan, in turn addressing the issue of bottlenecks along the Trans-Caspian corridor.

The money will go to Kazakhstan’s largest private rolling stock operator, Eastcomtrans, who shall expand its container handling capacity at one of the most congested junctions near the city of Almaty. According to the EBRD, the project will ensure uninterrupted operation of Eastcomtrans’ railway park.

Moreover, Eastcomtrans will further develop its Zhetygen logistical centre, acquire up to 250 new rail cars, and maintain its existing stock.

“Situated near the country’s largest municipality and close to the Chinese border, the upgraded logistical hub will serve as an important junction on the Trans-Caspian Corridor and add to the fluidity of cargo traffic across Kazakhstan. With trade volumes, particularly container traffic, between Asia and Europe expected to rise, it will be able to meet growing demand for freight transit,” said the EBRD, in a press release.


Photo: Czaszyn, CC BY 3.0, via Wikimedia Commons (image cropped)