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Saturday, August 19, 2017

Almaty road project rollout makes big splash at EBRD event

The first public presentation on the Almaty Ring Road Concession project, by Kazakhstan representatives, garnered a large amount of support at the European Bank for Reconstruction and Development (EBRD) headquarters on Tuesday in London.

The Almaty Ring Road Concession, or BAKAD, project is the first public-private venture in Kazakhstan since it reformed its regulatory measures on such projects in June. The changes allow for public projects like BAKAD to have international investors. At the presentation, over 100 company representatives attended.

If successful, the Almaty Ring Road Concession will serve as a blueprint for new public-private partnerships in Kazakhstan in the transport infrastructure sector and possibly in other sectors that need to attract private funding," EBRD Managing Director for Infrastructure Thomas Maier said. "This will be the first PPP structure of its type, not only in Kazakhstan, but in the whole of Central Asia.”

The road will circle around Almaty, the country's largest city, for 41 miles.

Organizations in this story

European Bank for Reconstruction and Development One Exchange Square London EC2A 2JN United Kingdom

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