/KASE, October 11, 2017/ – Development Bank of Kazakhstan (Astana), whose bonds
are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press release:
quote
Development Bank of Kazakhstan (subsidiary of National managing holding Baiterek,
hereinafter – Bank, DBK) has provided a credit facility to KazTransGas Aimak that
develops and modernizes its gas distribution network in ten village communities
(Komsomol, Taldysai, Enbek, Altyndy, Kosistek, Akkudyk, Yrgyz, Uyil, Bogoslovka,
Zhaisan) of Aktobe region (hereinafter – the Project). The Project's total cost
amounts to KZT21.772 bn. DBK provided a KZT13.023 loan with a term of 10 years.
The Project provides for the construction of 477.4 km of gas pipelines, as well
as modernization of 31.4 km of existing gas pipelines and two automated gas
distribution facilities in Aktobe and Kandyagash. As a result of the Project
implementation, more than 30,000 residents of the region are supposed to be
provided with natural gas. At the same time the total volume of gas transportation
over new and updated gas distribution networks is going to be 1.493 bn m3/year.
Also, the share of households with natural gas is supposed to be increased to
96% by 2020 from the current 85%, or to 801,000 people.
unquote
The full press release is available on KASE website –
http://www.kase.kz/files/emitters/BRKZ/brkz_reliz_111017.pdf
[2017-10-11]