Quick Facts

Where the impacts of the investment may be experienced.
  • Kazakhstan
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • European Bank for Reconstruction and Development (EBRD)
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-05-25
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: KazTransGas-Aimak JSC
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
  • Construction
  • Energy
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 148.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported KZT 50,000,000,000.00
Converted using 2016-03-18 exchange rate.
Project Cost (USD): $ 266.76 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

Currency conversion note:
Bank reported KZT 90,000,000,000.00
Converted using 2016-03-18 exchange rate.

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Primary Source

Original disclosure @ EBRD website
Updated in EWS: 2017-08-10
Disclosure Date: 2016-03-18
Gas Network Modernisation

Project Description
This project finances KazTransGas-Aimak JSC, a natural gas distribution company to support the regional gasification and modernisation of natural gas pipeline network in Kazakhstan. The project funds the extension of the gas network to several key regional administrative centres, and the reconstruction and modernisation of the existing distribution networks in western provinces of Kazakhstan. This includes the upgrade of existing and construction of additional, pressure reduction and metering stations and replacement of an aged carbon steel piping with new polyethylene pipelines.
Investment Description
KazTransGas-Aimak JSC is a natural gas distribution monopoly and a 100% subsidiary of KazTransGas JSC, Kazakhstan's national gas pipelines operator. Overall, KazTransGas group operates over 17,000 km of transmission gas pipelines, 40 000 km of distribution lines, 31 compressor stations, 3 underground gas storage facilities. The group employs over 10,000 staff.
Contact Information
Adilbek Batalov info@ktga.kz Page 3 +7 7172 55-89-60 +7 7172 554245 www.ktga.kz Bolashak Business Center, 6th floor, #11 Block, 36th street Astana, Kazakhstan ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD’s own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.
Bank Documents