598 PPP projects signed in Kazakhstan as of October
Almost half of all PPP projects in Kazakhstan were found in three regions of the country, Strategy2050.kz informs with reference to Finprom.kz.
As of late September this year, 643 private companies with state participation have operated in Kazakhstan, a 4.7% decrease within the year, whereas the previous year saw a 6% decline, to 675 companies.
This year, the biggest number of private companies with state participation is observed in Nur-Sultan: 114 companies (a year earlier - 124 companies). It is followed by Almaty (69 enterprises) and Karaganda region (51 companies).
PPP is gaining momentum as more and more developed countries turn to PPP to attract investment and ensure quality economic growth. Such type of partnership will allow for the implementation of socially significant projects, reducing the burden on budgetary funds by attracting private investment.
According to the Kazakh Prime Minister’s press service, as of July 1 this year, 565 PPP agreements to the tune of 1.3 trillion tenge, 9 republican and 556 local projects, have been concluded. 620 projects for 1.9 trillion tenge are under preparation. Most PPP projects are in the areas of education, health, housing and communal services, culture and sports.
As of October 3 this year, 598 public-private partnership projects have been concluded, with the biggest number of them falling on Eastern Kazakhstan - 180 projects. Almaty (53 projects) and Kostanay region (45 projects) are second and third. In general, 46.5% of all concluded PPP projects in Kazakhstan are found in three regions of the country.
They are also followed by Akmola and Kyzylorda regions - 40 PPP projects each.
Kazakhstan will be hosting the first PPP Investment Forum this autumn to engage its participants in discussions on the problems and prospects of public-private partnership in Kazakhstan. The forum will be held under the auspices of the Ministry of National Economy of Kazakhstan and the Kazakh Public-Private Partnership Centre, with the support of the Asian Development Bank. New agreements on projects are due to be signed, therefore expanding the possibilities for disseminating PPP practices accross Kazakhstan.
