Sustainable Rail Transport in Kazakhstan

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The proposed TA aims to help Kazakhstan Temir Zholy to adopt its internal corporate standards aligned with the international best practices. Specifically, this includes:"Financial Modeling and Reporting: The TA will support the preparation of comprehensive financial projections in line with ADB's standards, such as cash flow, profit/loss, and balance sheet analyses, and assess key financial ratios, ensuring transparency and compliance with international financial standards."Safeguards Component: Advising on the integration of social and environmental safeguards into project due diligence and implementation to ensure that potential projects align with IFI requirements. This will enable KTZ to adopt international best practices in safeguards management, including the development and enhancement of its Environmental and Social Management System (ESMS).Successful implementation of the TA will pave the way for ADB's engagement in the rail sector of Kazakhstan by financing potential projects developed by KTZ, such as the Darbaza-Maktaaral railway and other potential projects.