EBRD invests US$ 125 million in Kazakhstan Railways bond
The European Bank for Reconstruction and Development (EBRD) is helping to improve Central Asia’s regional connectivity and boosting the operational efficiency of Kazakhstan Temir Zholy (KTZ or Kazakhstan Railways) by investing up to US$ 125 million in a Eurobond issue by the company of up to US$ 1 billion, which was listed on the London Stock Exchange, Kazakhstan Stock Exchange and Astana International Exchange.
The EBRD’s investment will help to modernise passenger stations across Kazakhstan, supporting improvements in their safety and operational performance. The updated stations will have higher throughput capacity, modern lighting and significant enhancements for disabled passengers.
Additional infrastructure upgrades financed by the bond will take place along the Trans-Caspian Corridor and will help make rail transportation between Europe and Asia more sustainable. KTZ owns and operates a 16,400-kilometre railway network and manages more than 1,700 locomotives, 46,800 freight cars and 2,300 passenger cars.
The EBRD will also mobilise technical cooperation funds to help KTZ adopt international standards for railway passenger transportation. This will include supporting the firm’s efforts to strengthen its cybersecurity.
The EBRD has invested almost US$ 12 billion (€10.8 billion) in Kazakhstan through 352 projects, making the country the largest and longest‑running recipient of EBRD investment in Central Asia.
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EBRD supports modernisation of waste management in Benin
29.04.2026.16:58
The European Bank for Reconstruction and Development (EBRD) is providing a sovereign loan of €35.5 million for Benin’s national solid waste management company, Société de Gestion des Déchets et de la Salubrité (SGDS).
The investment will support the upgrade and modernisation of municipal solid waste management infrastructure in the Grand Nokoué region. The project is being co-financed with the European Investment Bank (EIB).
Grand Nokoué, which is home to approximately 2.8 million people, currently relies on a landfill-based disposal model. The EBRD funding will help the region transition to a more integrated and sustainable, recycling-oriented model by introducing innovative green technologies and practices that will yield tangible benefits at scale, including an expected reduction in CO₂ emissions of more than 75,000 tonnes per year.
The investment will support improvements to SGDS’ manual sorting facilities, the construction of new sorting centres and composting plants, the installation of landfill gas collection systems, upgrades to leachate management systems, and a range of ancillary works at landfill sites. The loan will also enable the acquisition of waste collection trucks and containers, helping to improve operational efficiency and service coverage.
In addition, the EBRD will launch its first policy dialogue in sub-Saharan Africa’s infrastructure sector. The Bank will develop and implement an economic governance technical cooperation framework to support SGDS with operationalising a recently introduced household waste collection fee. In parallel, the technical cooperation will support SGDS in strengthening gender standards by developing and implementing an Equal Opportunities Action Plan to increase women’s participation in technical and leadership roles.
Dasha Dougans, EBRD Head of Benin, said: “This project embodies our commitment to accelerating green and resilient urban development and supporting Benin as it upgrades essential public services. Modernisation of the Grand Nokoué waste management system will bring long‑term environmental, social and economic benefits, building on the progress and transformation that started with the creation of SGDS a few years ago.”
Gilles Amoussou, SGDS’ Chief Executive Officer, said: “This project marks an important milestone for SGDS and for Benin’s transition towards a more modern, sustainable waste management system. Thanks to the partnership with the EBRD and EIB, we are strengthening the infrastructure needed to better serve the residents of the Grand Nokoué area.”
Benin became an EBRD shareholder in 2024 and a country of operation in July 2025. The Bank aims to invest in sustainable critical infrastructure in the country that will underpin private-sector development and support the modernisation and efficiency of enterprises. It will also work to help strengthen economic governance. This project is the second the EBRD has signed in Benin.
