Nazarbayev launched electric locomotive plant in Astana

06 december 2012, 20:42
Nazarbayev launched electric locomotive plant in Astana - Kazakhstan President Nursultan Nazarbayev. ©REUTERS
Kazakhstan President Nursultan Nazarbayev. ©REUTERS
Kazakhstan President Nursultan Nazarbayev launched an electric locomotive plant in Astana, KazTAG reports citing the Eurasian Development Bank (EDB).

“The ceremony of opening of the electric locomotive plant was held in the industrial park of Astana on December 4. Kazakhstan President Nursultan Nazarbayev started the first locomotive manufactured at the plant,” the press-release states.

According to the loan agreement, EDB provided a 10-year loan of 10 billion tenge (over $66 million) to Elektrovoz Kurastyru Zauitty. The project’s total cost is over 18 billion tenge ($120 million). The plant creates 650 new jobs.

Elektrovoz Kurastyru Zauitty is a joint company established for implementation of the project. Its founders include Remlokomotiv (a branch company of Kazakhstan Temir Zholy), Alstom Holdings (a French company producing equipment for railroad transport) and TransMashHolding (Russia’s biggest company in transport engineering).

The electric locomotive plant will use Alstom technologies to produce four-, six- and eight-axle electric locomotives with induction motors for freight and passenger railroad transportation. Spare parts will be supplied by Alstom and TransMashHolding. The plant’s annual capacity will make around 100 sections of electric locomotives. They are aimed first of all to meet the growing needs of Kazakhstan railroads. The plan is that around 40 percent of the locomotives will be exported to CIS (Commonwealth of Independent States) countries.

The plant’s opening ceremony also included signing of an agreement for supplies of Kazakhstan-made diesel locomotives to Kyrgyzstan and Tajikistan. Such locomotives are manufactured at Lokomotiv Kurastyru Zauitty in Astana.

Eurasian Development Bank is the international financial organization established by Kazakhstan and Russia in January 2006 to support development of the market economy of the member-countries, ensure their sustainable growth and expansion of mutual trade and economic connections. The foundation capital of EDB exceeds $1.5 billion. The bank’s member-countries include Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan.

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