Kazakhstan receives $300 million for construction of Almaty Railway Bypass
Kazakhstan’s state-owned railway operator, Kazakhstan Temir Zholy (KTZ), has secured up to $300 million equivalent in Swiss-franc-denominated financing from the International Finance Corporation (IFC), the Asian Infrastructure Investment Bank (AIIB), and Standard Chartered (SC) for a project aimed at strengthening Kazakhstan’s rail efficiency and increasing its role as a regional transit hub, according to IFC.