Today in Astana Eurasian Development Bank (EADB) and KazTransGas Aimak JSC, a subsidiary of National operator KazTransGas JSC, signed agreement on financing investment project "Upgrade and construction of gas pipeline network in Aktobe region".

According to the credit agreement the EADB provides 7.7 billion KZT for projects to build an automatic gas control unit (AGCU-300) in Aktobe, loading gas pipeline to Komsomol village, and gas pipeline within Irgiz village of Aktobe region.

KazTransGas JSC implements social projects for gas distribution network development in Kazakhstan regions, upgrade of existing and building new gas pipeline and gas distribution networks. In order to do so, National gas and gas supply operator uses several financing sources, including own funds and third-party investments.

KazTransGas JSC plans to further continue cooperation with EADB on crediting and supporting other projects being implemented on upgrade of existing gas distribution networks and gas network development in settlements in the Republic of Kazakhstan.

For your information:

Eurasian Development Bank (EADB) is an international financial institution established by Russia and Kazakhstan in January, 2006 in order to facilitate developing market economies in states parties, their sustainable economic growth, and expansion of mutual trade and economic relations. The charter capital of the EADB is 7 billion USD. States parties of the Bank are: Republic of Armenia, Republic of Belarus, Republic of Kazakhstan, Kyrgyz Republic, Russian Federation, and Republic of Tajikistan.

Contacts for EADB press center:

KazTransGas JSC is the Kazakhstan national operator in gas and gas distribution spheres. KazTransGas JSC Company Group includes production, transporting, and selling gas and gas products companies and institutions.

Press Service of KazTransGas JSC

Phone: 8(7172) 55 23 16