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Wed June 19 2024

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Kazakhstan railway gets £1.88bn

1 Dec 11 Russian bank Sberbank has signed a deal to provide KZT442bn (£1.88bn) of financing for Kazakhstan’s state railway company.

The agreement was signed by Kazakhstan prime minister Karim Massimov and Sberbank   chairman German Gref.

The memorandum is aimed at enabling the railway company, Kazakhstan Temir Zholy, to develop and finance infrastructure and implement investment projects.

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