140 projects are implemented in Kazakhstan as part of the public-private partnerships
140 projects worth over 90 billion tenge are implemented in Kazakhstan as part of the public-private partnerships. These types of projects are attracting more and more businessmen. Kazakh and foreign investors are often willing to establish this form of partnerships. Over two hundred projects have already been agreed.
TIMUR SULEIMENOV, KAZAKH MINISTER OF NATIONAL ECONOMY:
- Public-private partnerships implementation yields positive results. We propose the following measures to improve its effectiveness. First, taking into consideration the novelties of simplified registration, all the central and local governments should bring all the initiated projects to the competition stage. Also, it is important to conduct regular monitoring and ensure the complete fulfillment of the commitments on the quality completion of the public-private partnership projects.
Public-private partnerships have become even more accessible for investors. Kazakh government has adopted legislation aimed at facilitation of projects review and approval. As a result, the waiting time from submission of application to the start of the project implementation was reduced from seven to three months.
AIDOS KOBETOV, VICE PRESIDENT, KAZAKHSTAN PUBLIC-PRIVATE PARTNERSHIP CENTER:
- We are currently considering using public-private partnership agreements as liquid collaterals and attracting funds based on that.
Foreign investors will be involved in the construction of the Big Almaty Ring Road starting in May. Turkish and Korean businesses will invest 150 billion tenge in the construction.
ROMAN SKLYAR, KAZAKH FIRST VICE MINISTER OF INVESTMENTS AND DEVELOPMENT:
- Investors will be covering the construction costs for four years. They are interested in constructing a high quality road because they will maintain the road for 15 years. And all the costs will be covered by them. We hope that the road construction will be completed within a short time and with high quality.
Interest to public-private partnerships is seen in many countries. According to analysts, it indicates that such projects are economically attractive and overall successful. In Kazakhstan, 212 agreements worth 766 billion tenge were concluded from 2006 to 2018 as part of the public-private partnerships. And as many as 620 projects are at the development stage.