IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 31 Jul 2015 | Removal date: open ended
Still in force

State loan

According to a press release dated 31 July 2015, the Development Bank of Kazakhstan JSC (a subsidiary of 'Baiterek' Holding) has provided a loan for a period of up to 20 years for the renewal of passenger rail cars with the ultimate goal to intensify high-speed movement on key routes. 
 
The passenger rail cars renovation, to be done by Tulpar-Talgo (a joint venture established in 2011 between the national railway company of Kazakhstan Temir Zholy and the Spanish company Talgo) is to be performed as part of ten key rail transportation routes (Astana, Almaty, Karaganda, Pavlodar, Kostanay, Aktobe, Atyrau, Uralsk, Kyzylorda, Mangyshlak station). The project with total cost of 5 billion tenge (28 million USD) is financed with funds of the National Fund.
 
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

495 Railway & tramway locomotives & rolling stock; parts
8605 Railway or tramway passenger coaches, not selfpropelled; luggage vans, post office coaches and other special purpose railway or tramway coaches, not selfpropelled (excluding those of heading 86.04).
860500 Railway or tramway passenger coaches, not selfpropelled; luggage vans, post office coaches and other special purpose railway or tramway coaches, not selfpropelled (excluding those of heading 86.04).

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