KTZ attracts financing for a large-scale locomotive fleet upgrade

07-11-2025

During the official visit of the Head of State to the United States, a key Mandate Agreement was signed to attract $1.6 billion in financing over 10 years for the upgrade of KTZ's locomotive fleet. Deliveries of Wabtec locomotives are planned for the long term, until 2038.

The agreement was concluded between NC Kazakhstan Temir Zholy JSC and Citibank,  which is acting as the financing coordinator. Support for this strategic transaction is provided by the Export-Import Bank of the United States (US EXIM), which acts as the guarantor.

The locomotives will be manufactured in Kazakhstan at the Lokomotiv Kurastyru Zauyty JSC plant in Astana, a subsidiary of Wabtec Transportation Engines Holding B.V. 

This procurement program is aimed at a comprehensive upgrade of traction rolling stock, which will significantly improve the energy efficiency of transportation and reliably meet the growing needs of freight traffic.

 

Press service of JSC «NC«Kazakhstan Temir Zholy»