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Kazakhstan Railways gets loan for the purchase of Talgo cars

The Development Bank of Kazakhstan (DBK) has provided Kazakhstan Railways  with a 20-years loan to purchase Talgo cars.  DBK entered into corresponding facility agreement with Passenger Leasing Carriage Company JSC and Passenger Transportation JSC in July. The project with total cost of KZT 5 billion (EUR 24.3 million) is financed using funds of the National Fund.

KTZ plans the expansion of high-speed services on key routes including: Astana, Almaty, Karaganda, Pavlodar, Kostanay, Aktobe, Atyrau, Uralsk, Kyzylorda, Mangyshlak stations. In total 28 Talgo cars produced by Tulpar-Talgo LLP car-building plant will be purchased. All “standard”, “tourist” and “business class” compartments will be also equipped with video/audio system.

“Within this project along with enhancement of safety and quality of transportations we systematically deal with a matter of a rolling stock deficiency. Up to 60 percent of inventory rolling stock fleet of passenger transportation has became outdated today and requires replacement. Implementation of such project became possible thanks to the state support of the state, Baiterek Holding and allocation of available and long-term means from the National fund through Development Bank of Kazakhstan, – stated the President of Passenger Leasing Carriage Company JSC Nariman Nuryarov.

The project is a part of the complex field program on renewal of inventory pool of the national railway operator KTZ . The new trains are planned to be put into service in the mid of 2017.

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