Kazakhstan government secures Temir Zholy Credit

/IRBIS, Jan.09, 01/ - The government of Kazakhstan approved investment project of Kazakhstan Temir Zholy NSE on purchase of two passenger trains of Patentes Talgo S.A. (Spain). The project will be financed by non- government external loan under government guarantee. According to the government resolution #1935 dated Dec 29, 2000 the Ministry of Finance gives government guarantee to Kazakhstan Temir Zholy NSE for amount of $27.4 mln dollars. The project would shorten time of passenger transportation between Astana and Almaty. It will also increase security and comfort of transportation.