Kazakhstan’s Aktobe region attracts investments in public-private partnership projects

Business Materials 30 October 2017 21:54 (UTC +04:00)

Baku, Azerbaijan, Oct. 30

By Ali Mustafayev – Trend:

Kazakhstan’s Aktobe region attracted 50 billion tenge on the implementation of public-private partnership (PPP) and business co-ownership projects during 2017, the press service of the local executive body said in a message.

A public–private partnership (PPP, 3P or P3) is a cooperative arrangement between two or more public and private sectors, typically of a long-term nature.

Presently, there are 125 PPP projects being implemented in the region, said the head of the local executive body (akimat) Berdybek Saparbayev during a press conference.

“The head of the government pays significant attention to the development of public-private partnership. This mechanism will not only reduce the burden on the regional budget, but also improve the social security of the citizens,” said Saparbayev.

Aktobe is one of the leading Kazakh regions in the development of social responsibility of business and public-private partnership.

The PPP projects of the region include the "Daru Zharygy" ophthalmology center, purposed to provide the children and adults with specialized ophthalmologic support. The cost of the project is 3.2 billion tenge.

The region is expected to attract 40 billion tenge by the end of 2019 for the construction of social facilities.