BAKU, Azerbaijan, Jan. 3
By Fakhri Vakilov - Trend:
In 2019 alone, 235 new public-private partnership (PPP) projects worth $407 million were concluded in Kazakhstan using public-private partnership practices, Trend reports citing the press service of the Kazakhstan PPP Center.
As of December 31, 2019, Kazakhstan entered into 717 PPP agreements, of which 324 were concluded through private initiative, which is 45 percent.
At the beginning of May 2019, the number of projects without reimbursement from the budget amounted to 24 percent of the total number of projects, for the period from May to December, indicators amounted to 52 percent.
The average amount of contracts (in case of removing the largest project - BAKAD from the list) initiated by the state is $5.2 million, while a business initiates an average of $2.6 million. Amount of state bonds: State initiative - $944.6 million, Private financial initiative - $490.5 million, and this is a difference of 93 percent, with a quantitative difference of almost 50 percent.
In total, as of the end of 2019, 717 PPP agreements were concluded for a total of $4.1 billion, including 9 republican ones for $2.3 billion; 708 - local worth $1.8 billion.
The Law "On Public - Private Partnership" was adopted in Kazakhstan at the end of 2015. This, in turn, served as a fulcrum for the active development of PPP mechanisms throughout Kazakhstan with the opportunity to involve local and foreign partners in co-financing.
The sole shareholder of Kazakhstan Public-Private Partnership Center JSC is the Government of Kazakhstan represented by the Ministry of National Economy.
---
Follow author on Twitter:@vakilovfaxri