en.Wedoany.com Reported - The European Bank for Reconstruction and Development (EBRD) has committed an investment of up to US$125 million in Eurobonds issued by Kazakhstan Temir Zholy. This investment is part of a total US$1 billion bond issuance, which is listed on the London Stock Exchange and the Kazakhstan Stock Exchange. The funds raised will be used to upgrade passenger station facilities nationwide in Kazakhstan and key infrastructure along the Trans-Caspian Corridor, aiming to enhance regional connectivity.

The fund allocation covers two main areas: the modernization of passenger stations will focus on improving safety, passenger capacity, lighting systems, and accessibility for people with disabilities; the infrastructure upgrade along the Trans-Caspian Corridor aims to strengthen the transport capacity of this trade route. The project also includes a technical cooperation component to assist Kazakhstan Temir Zholy in adopting international passenger service standards and strengthening its cybersecurity framework. The specific allocation ratio of funds between station and corridor infrastructure, as well as the project completion timeline, have not yet been disclosed.

The EBRD's total investment in Kazakhstan now approaches €11 billion, spanning 352 projects. The Trans-Caspian International Transport Route, also known as the Middle Corridor, is a multimodal trade corridor connecting China and Central Asia with Europe, traversing the Caspian Sea, the Caucasus region, and Turkey.

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