Development Bank of Kazakhstan finances project on hardware and software complex

Business Materials 19 August 2014 15:37 (UTC +04:00)

Astana, Kazakhstan, Aug. 19

By Daniyar Mukhtarov - Trend:

"Development Bank of Kazakhstan" JSC (subsidiary of "The National Management Holding "Baiterek", hereinafter - the "Bank, DBK") begun funding the project of "Transtelecom" JSC on construction of hardware and software complex, communication platform along the railway lines, the bank said Aug. 19.

"The credit line opened by DBK, totaling KZT 25 bln will allow to considerably expand the current communication channels, as well as to increase the speed of data flow rate," according to the statement.

The funds provided were used to construct and upgrade 10 965 km of fiber optic communication lines (construction - 6 416 km, upgrade - 4 549 km) with regard to the existing needs of "NС "Kazakhstan Temir Zholy" JSC.

Complex automation and informatization systems will be implemented together with connecting all the line subdivisions and rail transport facilities within this project.

"Transtelecom" JSC is one of the largest communications providers in Kazakhstan, specializing in provision of full range of telecommunication and infocommunication services.

"Development Bank of Kazakhstan" JSC (subsidiary of "The National Management Holding "Baiterek" JSC) is the national development institute for modernization and development of non-raw-materials and infrastructural economic sectors of Kazakhstan, founded in 2001. The main business lines: Development of production infrastructure and fabricating industry, support and attracting foreign and domestic investments to the national economy. DBK is one of the largest investment operators of the state program for augmented industrial and innovation development.