Almaty, Kazakhstan, April 27, 2015
– IFC, a member of the World Bank Group, is advising the Kazakh government on a landmark public-private partnership transaction to build and operate a tolled bypass to the north of Almaty, a project that is expected to drive economic development in the fast-expanding city.
The initiative reached an important milestone last week as officials released a shortlist of five consortia that will vie for the project. The winning bidder, to be selected after September 15, 2015, will design, build, finance, operate, and maintain the 66-km toll road.
“The tremendous interest and sheer number of bidders for the project demonstrate strong investor interest in Kazakhstan. This is a testimony to the strong commitment by the Government of Kazakhstan to increasing private sector participation in the country, including in public-private partnerships,” said Moazzam Mekan, IFC Regional Manager for Central Asia.
This is the first project of its kind in Kazakhstan’s road sector. IFC is advising the Ministry of Investments and Development on an international tender – launched on January 14 - to select the private investor-operator.
The road, which will cost an estimated $680 million, is expected to reduce travel times around Almaty and greatly improve access to markets for local businesses, stoking economic development.
Nine consortia submitted bids during the first stage of an international tender process. The shortlist includes:
1) Consortium Alsim Alarko Sanayi Tesisleri Ve Ticaret (Turkey), Makyol Insaat Sanayi Turizm Ve Ticaret (Turkey), SK Engineering and Construction (South Korea), Korea Expressway Corporation (South Korea);
2) Consortium IC Ictas Insaat Sanayi Ve Ticaret (Turkey), IC Ictas Altyapi Yatirimlari Ve Isletme (Turkey), Astaldi (Italy), Astaldi Concessioni (Italy), Intertoll Infrastructure Development (Netherlands);
3) Consortium Vinci - BI Group, including Concessoc 21 and Concessoc 9 (Vinci, France) and BI3P Projects (BI Group,
К
azakhstan);
4) Consortium Corsan-Corviam Construction S.A (Spain), Gulsan Insaat Sanayi Turizm Nakliyat Ve Ticaret (Turkey), Egis Investment Partners (France);
5) Consortium CITIC Construction (China) and KazStroyService (Kazakhstan).
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. Working with private enterprises in about 100 countries, we use our capital, expertise, and influence to help eliminate extreme poverty and boost shared prosperity. In FY14, we provided more than $22 billion in financing to improve lives in developing countries and tackle the most urgent challenges of development. For more information, visit
www.ifc.org
.
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