EBRD to allocate funds to Kazakh logistics company

Kazakhstan Materials 23 February 2023 11:20 (UTC +04:00)
Emin Sevdimaliyev
Emin Sevdimaliyev
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BAKU, Azerbaijan, February 23. The European Bank for Reconstruction and Development (EBRD) signed the document on the allocation of 12.5 million euros to support LLP Atasu Group of Companies, one of the intermodal logistics operators in Kazakhstan, Trend reports, citing the EBRD.

The EBRD statement notes that the total cost of the project is 18.45 million euros.

The project will be supporting a private company investing in commercial transport operations such as the expansion of fleet and rail freight services. It will also contribute to the development of transportation services along the Middle Corridor (Trans-Caspian International Transport Route).

The project is deemed not significantly exposed to physical climate risks and is considered Paris aligned for climate adaptation.

LLP Atasu Group is a vertically integrated logistics operator providing point-to-point transportation services for an established portfolio of clients. It is predominately active in the railway transportation segment, focusing on container transportation of consumer goods and container handling.