he EDB, KazakhExport and Tajik Railways to cooperate in transport infrastructure

11 July 2019

Dushanbe, 11 July 2019. The Eurasian Development Bank (EDB), the KazakhExport export insurance company, and Rohi Ohani Tojikiston (Tajik Railways) signed a memorandum of understanding aimed at developing strategic partnership.

The sides intend to build long-term and mutually beneficial cooperation in the area of transport infrastructure in Tajikistan using products manufactured in and exported from Kazakhstan.

The memorandum envisions that the parties will finance investment projects and share experience and knowledge by participation in workshops, conferences, business forums, and other events.

“A trilateral agreement is a new stage of our future successful cooperation. We expect that our efforts will boost economic development in Tajikistan and Kazakhstan,” said Amangeldy Issenov, Deputy Chairman of the EDB’s Management Board.

According to the understandings reached, the EDB will take part and assist Tajik Railways in its negotiations of medium- and long-term investment projects, consider financing projects under the EDB and company’s current procedures, and advise on investment projects the company could take part in.

Additional Information:

The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB's charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.

The EDB Media Centre:

Alexander Savelyev +7 (985) 765 23 59 (Moscow)  

Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)

Sergey Gorbachev +7 (916) 727 22 00 (Moscow)  

pressa@eabr.org

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