Kazakhstan reveals revenues from privatization of public facilities
Baku, Azerbaijan, March 27
By Ali Mustafayev – Trend:
Kazakhstan’s total revenues from the privatization of public facilities in 2017 amounted to 61 billion tenge ($190 million), which is 20 percent more than the book value of the mentioned facilities, said the Minister of National Economy of Kazakhstan Timur Suleimenov at the meeting of the parliament, Kazakh media outlets reported.
"The government planned to sell 21 objects, including 19 objects of the national holdings and 2 objects of republican ownership. Fourteen of the mentioned objects have already been sold and the rest 7 are expected to be sold during the IPO (Initial public offering) of Kazmunaigas and Kazakhstan Railways”, the minister said.
He added that twelve companies of the quasi-sector were transferred to private ownership.
“For example, 49 percent of KTZE-KHORGOS GATEWAY was sold to Shanhai Investment & Development Company Ltd and COSCO Container Lines, 50 percent of Lokomotiv Yarastyru Zauyty JSC was sold to GE Transportation Engines Holding BV, and 50 percent of Elektrovoz Құrastyru Zauyty LLP was sold to a major French engineering company Alstom,” Suleimenov said.