GrCF2 W2 - Almaty Electric Public Transport (EBRD-51583)

Countries
  • Kazakhstan
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 12, 2021
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 68.27 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 28,999,999,488.00
Converted using 2021-08-06 exchange rate.
Project Cost (USD)
$ 93.35 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported 39,900,000,256.00
Converted using 2021-06-08 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Aug 15, 2021

Disclosed by Bank Aug 6, 2021


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Project Description

 

Under this project, EBRD is planning to provide a loan to Almatyelectrotrans LLP (the Company), a municipal public transport company in the city of Almaty (the City).

 Project Objectives

The loan will be used to finance up:

  • to purchase of 190 modern trolleybuses, 
  • the procurement of trolleybus maintenance machinery and equipment,
  • the rehabilitation of up to 10 power supply sub-stations,
  • the modernisation of the trolleybus infrastructure in the city.

 

 

 

 

Investment Description

Contact Information

COMPANY CONTACT INFORMATION

Berikhan Murzakarimov, General Directorpress@aet.kz+7 (727) 313-27-84http://aet.kz/67 Tole bi str, Almaty, 050000, Kazakhstan

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html