US$2.8 billion attracted in Kazakhstan as part of PPP

The total amount of attracted investments to Kazakhstan as part of the Public Private Partnership (PPP) exceeded one trillion tenge (over US$2.3 billion). The PPP in the country is currently actively developing in all sectors. The mechanism has proven itself a successful tool for interaction between the business and the government. The country has concluded over eight hundred public-private partnership agreements in various sectors of the economy. Speaking of the capital alone, the government and business here plan to work together on 15 projects, as part of which 57.5 billion tenge (US$134 million) of investments have already been attracted. The PPP is developing most actively in the field of education. This year, four new general education schools will be launched in this direction. Nearly 22 billion tenge (US$51.5 million) of private investments were allocated for their construction.

“Many businesspeople began payiug attention to education as a business project. Not only as a social project, but a business project. We have a number of very good and interesting projects in the field of education in our portfolio. As you know, the number of schoolchildren is growing now. The demand for high-quality education grows as well. Parents want to give a good education to their children,” said Yerzhan Baltayev, Chairperson of the “Astana Invest” Center of Investment Development .

Recently, the PPP mechanism has been rapidly developing in the field of IT and security. One of the first projects of this kind is Sergek. Thanks to it, drivers in the capital became more disciplined, which, of course, positively affected the accident rate on the roads. All projects within the framework of cooperation between the government and business are aimed at developing the country and creating comfortable conditions for Kazakh residents.

Translation by Saniya Sakenova

Editing by Galiya Khassenkhanova