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DFF - Atasu II

Sector: Mass Transit • Location: Kazakhstan

Source: European Bank for Reconstruction and Development (EBRD)

Project
Complete

The provision of EUR 25 million loan (in USD or KZT equivalent) to LLP Atasu Group, one of the intermodal logistics operators in Kazakhstan. The project is an operation change providing for (i) an extension of an additional EUR 12.5 million loan and (ii) a change in the use of proceeds for the existing EUR 12.5 million. The proceeds for the total amount of EUR 25 million co-finance (i) a buyback o

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Project Information

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The project “DFF - Atasu II” is an infrastructure initiative in the Mass Transit sector, located in Kazakhstan. Taiyo aggregates data on it from European Bank for Reconstruction and Development (EBRD).

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Participants

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Company

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Status

Original status

complete

Taiyo status

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Email

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Description

Description

The provision of EUR 25 million loan (in USD or KZT equivalent) to LLP Atasu Group, one of the intermodal logistics operators in Kazakhstan. The project is an operation change providing for (i) an extension of an additional EUR 12.5 million loan and (ii) a change in the use of proceeds for the existing EUR 12.5 million. The proceeds for the total amount of EUR 25 million co-finance (i) a buyback of the stake held by a minority investor in the Company, (ii) modernisation of the Dostyk railway terminal, and (iii) acquisition of 145 open top railway wagons (the "Project"). The total cost of the Project is EUR 61 million. The balance will be funded by a local commercial bank and internally generated cash.

Original sub-sector

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Original Currency

USD

Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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