The working visit of the President of the Republic of Kazakhstan K. K. Tokayev to New York

On the first day of the visit, the Head of State received Rafael Santana, President and Chief Executive Officer of Wabtec.
R. Santana informed the Head of State about investment projects being worked out to launch the production of locomotives using hydrogen technologies and their components in Kazakhstan, the creation of an engineering center and technology transfer.
K.K.Tokayev welcomed the company's plans to invest about $ 1 billion in the transport and logistics industry, noting that this will contribute to the development of the Trans-Caspian International Transport Route and will become the basis for other infrastructure projects.
The prospects of cooperation with Wabtec in the framework of the reconstruction of the railway industry of Kazakhstan were discussed at the meeting.
A framework agreement on strategic cooperation was signed between the joint stock company "NC "Kazakhstan Temir Zholy" and Wabtec. Wabtec (Westinghouse Air Brake Technologies Corporation) is on the Fortune 500 list and is one of the world leaders in the field of transport and logistics. The company employs over 27,000 employees in more than 50 countries around the world.
The President also met with Jane Fraser, Chief Executive Officer of Citigroup. During the meeting, the prospects of expanding the activities of the American financial holding in our country were considered.
Citibank Kazakhstan, which is the only American bank represented in Kazakhstan, is one of the leading partners for international investors, the public sector and major enterprises.
The Head of State noted that as part of the recent Address to the people of Kazakhstan, the Government was tasked with attracting three reliable foreign banks to the country to increase competition in this area.
Kassym-Jomart Tokayev positively assessed the important role of Citigroup in connecting the AIFC with global investors and facilitating the digital transformation of the financial sector.
The Head of State welcomed Citigroup's plans to finance a number of important projects aimed at developing Kazakhstan's transport and logistics potential.

As part of the meeting between JSC "NC "Kazakhstan Temir Zholy" and Citibank, an agreement was signed on the basic conditions for organizing financing for the purchase of Wabtec locomotives.

During the working visit, the Head of State will deliver a speech at the general debate of the 78th session of the UN General Assembly, and will also take part in the Central Asia-USA summit.