The package includes term loans with 14 international banks and seven institutional investors from the US and Europe.
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Fuel, electricity and labour costs behind new KTZ cargo fee hikes
- Guest authors
- May 28, 2024
- 0
Higher fuel, electricity and labour costs are forcing Kazakh Railways’ cargo division (KTZ-GP) to increase its prices. Indebted Kazakh Railways (KTZ) is increasing its prices all across the board, to the dismay of the business community. KTZ is deeply in debt and needs higher income to cover its budget gaps. Even with a fourfold revenue…