BAKU, Azerbaijan, March 9. The European Bank for Reconstruction and Development (EBRD) launched the disbursing of 12.5 million euros to support LLP Atasu Group of Companies, one of the intermodal logistics operators in Kazakhstan, Trend reports, citing the EBRD.
EBRD statement notes that the total cost of the project is 18.45 million euros.
LLP Atasu Group is a vertically integrated logistics operator providing point-to-point transportation services for an established portfolio of clients. It is predominately active in the railway transportation segment, focusing on container transportation of consumer goods and container handling.
The project will be supporting a private company investing in commercial transport operations such as the expansion of fleet and rail freight services. It will also contribute to the development of transportation services along the Middle Corridor (Trans-Caspian International Transport Route).
The project is deemed not significantly exposed to physical climate risks and is considered Paris aligned for climate adaptation.The Paris Agreement is a legally binding international treaty on climate change. It was adopted by 196 Parties at COP 21 in Paris, on 12 December 2015 and entered into force on 4 November 2016. Its goal is to limit global warming to well below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels.