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Kazakh City Applies to EBRD to Finance System Upgrade

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State Communal Enterprise Kyzylorda Su Zhuyesi (the “Company”), a water distribution and wastewater treatment company in the city of Kyzylorda (the “City”), entirely owned by the City Akimat, has applied for a loan from the European Bank for Reconstruction and Development to finance rehabilitation and upgrade of the water and wastewater system in the City.