/KASE, November 29, 2022/ – KazTransOil JSC (Astana), whose shares are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
e following press release dated November 28, 2022:
quote
In accordance with the instructions of the President of the Republic of Kazakhstan
on ensuring the reconstruction and modernization of the "Astrakhan-Mangyshlak"
main water pipeline (Protocol No. 21-01-7.8 of 22.04.2021), currently the Main
Waterline LLP (hereinafter - the Partnership), which is a 100% subsidiary of
KazTransOil JSC, is working on the implementation of the project "Reconstruction
and expansion of "Astrakhan – Mangyshlak" main water pipeline, 1st stage"
(hereinafter - the Project).
The project is aimed at increasing the throughput capacity of the
"AstrakhanMangyshlak" main water pipeline (from 110 to 170 thousand m3/day)
and updating worn-out equipment to meet the existing shortage and prospective
growth in the volume of water consumption in the Atyrau and Mangistau regions
of the Republic of Kazakhstan.
As part of financing of the Project on November, 25, 2022, the Partnership
concluded a Credit Facility Agreement with Halyk Bank JSC on the following
terms:
- loan amount - up to 66 700 000 000 tenge;
- loan currency - tenge;
- loan term - up to 120 months;
- interest - base interest rate of the National Bank of the Republic
of Kazakhstan + 2.5% per annum;
- security - guarantee of Samruk-Kazyna JSC.
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/KZTO/kzto_reliz_281122_1kz.pdf – in Kazakh;
-
https://kase.kz/files/emitters/KZTO/kzto_reliz_281122_1.pdf – in Russian;
-
https://kase.kz/files/emitters/KZTO/kzto_reliz_281122_1en.pdf – in English.
[2022-11-29]