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Kazakhstan’s first PPP project reaches Financial Close

Kazakhstan's first PPP, the BAKAD Big Almaty Ring Road, has successfully reached Financial Close.

Congratulations to the international consortium of sponsors for their tremendous effort, Alsim Alarko Sanayi Tesisleri ve Ticaret A.Ş, Makyol İnşaat Sanayi Turizm ve Ticaret A.Ş., SK Engineering & Construction Co., Ltd. and Korea Corporation (represented by BAKAD Investment and Operation LLP in Kazakhstan).

BTY is honoured to add Kazakhstan to our growing list of first-to-market #infrastructure projects our specialist teams are providing multiple services on, including Environmental and Social Advisory Services as part of the Project Management team for the Big Almaty Ring Road.

The USD $750 million PPP project comprises a 66 km toll road delivered under a 20-year Build-Operate-Transfer concession agreement between BAKAD Investment and Operation LLP and the Ministry of Industry and Infrastructural Development of Kazakhstan.