ARTICLE · 08 OCTOBER 2020

Obstacles To Public-Private Partnership Development In Kazakhstan

GRATA International

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By 2016 Kazakhstan established what was considered a solid legal and institutional basis for public-private partnership projects that led to a sharp increase in PPP formation with 15 PPP agreements signed in 2016, ...

KazakhstanGovernment, Public Sector

Shaimerden Chikanayev

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Introduction

By 2016 Kazakhstan established what was considered a solid legal and institutional basis for public-private partnership (PPP) projects that led to a sharp increase in PPP formation with 15 PPP agreements signed in 2016, 161 in 2017, 292 in 2018 and 294 in 2019. In addition to being the leader in Central Asia in terms of establishing a PPP legal and institutional framework and the number of PPP Agreements executed, Kazakhstan has also been successful in pursuing the 66 km Big Almaty Ring Road benchmark concession project (a toll road around the city of Almaty), also known as BAKAD. This project finally reached its financial closure on 7 August 2020, making it the largest PPP project in Central Asia.

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