Concessionary projects to be put thro' despite crisis - Kazakhstan Government
ASTANA. March 13. KAZINFORM /Aigul Tulekbayeva/ Despite the crisis Kazakhstan is not going to refuse from implementation of concessionary projects. However, this issue needs advisory assistance of the institutions and countries which are experienced in carrying through the mechanisms of public-private partnership. Today in Astana Kazakhstan Government and members the Business Advisory Council of the United Nations Economic Commission for Europe (UNECE) held a meeting to discuss the raised issue; Kazinform reports. The agenda of the meeting consisted of the issues related to financing of public private partnership projects in the crisis conditions, and appropriate legal platform. Kazakhstan party was represented by Minister of Economy and Budget Planning Bakhyt Sultanov, Minister of Transport and Communications Abelgazy Kussainov and other government officials. Executive Secretary of the UNECE, UN Under-Secretary-General Jan Kubis, the Chairman of the Business Advisory Council and other foreign experts entered the foreign delegation. Abelgazy Kussainov told about Kazakhstan's experience of public private partnership. The first pilot project is know to have been carried through in transportation sector - the new railway “Shar – Ust-Kamenogorsk”. According to the Minister, the major part of planned investments should be forwarded to the transportation infrastructure, because cost of construction of one kilometer of a highway may increase within 6-8 years. He informed that soon Kazakhstan would implement several concessional projects. The Minister also noted that the Ministry of Transportation and the Ministry of Economy were considering the possibility to implement the new railways construction projects (“Beineu-Shalkar” and “Zhezkazgan-Saksaulskaya” ) and energy supply to “Almaty-Aktogai”, “Dostyk-Aktogai” and “Aktogai-Moiynty” railway districts as concessionary projects.