As part of the Comprehensive Program for the Development of Bus Transportation for 2018-2020, the Industrial Development Fund JSC in 2018 financed the leasing transaction “Renewal of public transport in Semey”.
The carrier Semey Bus LLP received transferred 170 buses to provide transportation services passengers by socially significant routes.
During project implementation, Industrial Development Fund JSC rendered support to the carrier by providing rescheduling payment of leasing payments, as well as in connection with Covid-19 pandemic and restrictions on passenger transportation The restructuring of the project was approved.
"Semey Bus" LLP the terms of the restructuring were not fulfilled and there was a violation of the accepted undertakes obligations:
- From January 2020, the lessee incurred a debt (as of as of April 15 of this year: 451 calendar days of delay in the amount of 1.5 billion tenge);
- с September 2020, leased items and collateral items are not insured;
- Not audited financial statements for 2019 were provided;
- Not a revaluation of leased items and collateral for 2020 was provided.
Semey Bus LLP does not eliminate technical defects of buses identified during on-site monitoring. Today, out of 170 buses, only 113 are on routes, 40 buses need routine repairs, 17 require repairs, 10 of which are due to traffic accidents.
IN in order to minimize financial losses and prevent further deterioration technical condition of the bus fleet, economic default declared on April 15, 2021 under the leasing transaction “Renewal of public transport in Semey."
Currently, according to the law, within the framework of execution default procedures, measures are being taken to seize buses until settlement issues of debt repayment and further operation of buses for transporting passengers in Semey.Press service of JSC Development Fund industry"
