Kazakhstan approved the interest rate in lending and financial leasing for the acquisition of new wagons
In accordance with the order of the Minister of Investment and Development of the Republic of Kazakhstan as of June 30, 2017 No. 410, amendments and additions were made to the order of the Minister for Investments and Development of the Republic of Kazakhstan as of June 16, 2016 No. 497 "On Approval of the Rules for Subsidizing Interest Rates for Crediting and Financial Leasing for the purchase of carriages by carriers of passengers on socially significant traffic and operators of wagons (containers)", according to which amendments were introduced to the Rules of Subsidization in terms of reducing the threshold level of the interest rate from 8% to 5%.
It should be noted that earlier by the order of the Minister for Investment and Development of the Republic of Kazakhstan as of June 16, 2015, No. 497, subsidies were provided for part of the interest rate on loan / financial leasing agreements exceeding 0.1% for carriers and 8% for operators, more than 10%.
The specified amendments will allow to lower the cost price of manufacture of new carriages, which will attract more consumers. Thereby acquisition of cars by proprietors will become more accessible and reduce of deficiency, replenishment of park of carriages and decrease in carriage wear. As a result, the volume of socially significant freight traffic will increase and give impetus to the development of domestic carriage building as well.