Kazakhstan to Modernize Public Transport With EBRD Loan

The European Bank for Reconstruction and Development is providing a USD10 million credit for the

in Almaty, the financial and business center of Kazakhstan. The loan will be used to upgrade the power substations of Almaty's electric transport network. It will be channeled through the municipally-owned Almatyelectrotrans enterprise.

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  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.