Kazakhstan Railways raised $595 million for the development of the Trans-Kazakhstan corridor.
Kazakhstan’s KTZ railway company has signed a loan agreement with the Abu Dhabi Commercial Bank and Deutsche Bank for up to 480 million Swiss francs (about $595.5 million). The funds will be used to finance key infrastructure projects along the Trans-Kazakhstan corridor. The deal was organized with the support of the sovereign wealth fund Samruk-Kazyna, which fully owns KTZ.
