| Headline: EBRD's new commitments to Kazakhstan Source: Euromoney Date: January 2001 Author: Janice Cowan EBRD vice-president Steven Kaempfer announced last month a series investments in Kazakhstan, to which the bank will itself contribute over $40 million. The investments include $40 million to upgrade and expand Almaty’s capacity to provide its 1.6 million citizens with clean drinking water as well as treat the city’s sewage. The financing package, for which the EBRD is providing a loan of $6.3 million, will be extended to Almaty Sui, the city’s water and sewerage company, which is majority owned by France’s Vivendi. A further $25 million will be provided by France, under a bilateral co-operation agreement with Kazakhstan and $3.7 million in equity will come from Vivendi. The rest will be generated internally by Almaty Sui.
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