KTZ will attract $1.6 billion to upgrade its locomotive fleet.
JSC NC Kazakhstan Temir Zholy signed a mandate agreement to attract $1.6 billion in financing over a 10-year period for the renewal of its locomotive fleet. The document was signed during the official visit of the President of Kazakhstan to the United States between KTZ and Citibank, which is coordinating the transaction. The U.S. Export-Import Bank (US EXIM) is serving as the project guarantee.
