Investments priorities of NC Kazakhstan temir zholy CJSC are the strengthening of infrastructure and locomotive facilities

/Kazakhstan today, May 15 02/ - Investments priorities of NC Kazakhstan temir zholy CJSC are the strengthening of infrastructure and investments of money into locomotive facilities strengthening. It was said on Monday, May 13 at the press- conference in Astana by NC Kazakhstan temir zholy CJSC president Erlan Atamkulov. In his opinion all investments should be directed to monopolistic part of the railway branch. It is necessary to create the most favorable conditions for privat capital inflow into the sector which should come into the market - said the company's head. He said that the service sector of car-sets. According to Atamkulov's words car-sets have been worn out and it is necessary to take measures immediately. In accordance with it the company negotiate with prominent companies selling goods and potential investors. This year the tender on modernization and new locomotives purchasing will be conducted - said the company's president. It is planned to create in Kazakhstan a workshop on locomotives assembling on the base of a depot. The conclusion about creating in Kazakhstan a workshop on tanks making has been achieved. Besides, there is an agreement of financing about $70m by European Bank of Development for social problems solution on railways and for realization of the program of import substitution - said E. Atamkulov. To avoid the social explosion during the realization of the restructuring program of the branch is one of the main company's policies - said the company's head. In the conclusion he accentuated that approach to all problems on railways will be coordinated, considered and always strived for the state's interests. [2002-05-14]