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Kazakhstan ready to shell out $1.5 billion to construct EXPO-2017 venue

13 августа 2012, 09:38
Kazakhstan plans to earmark $1.5 billion to construct facilities accommodating the EXPO-2017, Ms. Gaukhar Beisseyeva, Vice Head of the Foreign Ministry’s External Economic Policy Department told in a reacent interview for Russia’s RIA Novosti.

Expo 2017 is the next scheduled International Exposition after Expo 2015 and will be the first of its type since Expo 2012. The expos in 2010, 2015, 2020 and every 5 years thereafter are considered "universal expos" by the Bureau of International Expositions (BIE) and the 2017 event will be one of the "recognized" expos with a specialized theme that alternate with the "universal expos" (Kazakhstan’s theme will be future energy).

A land plot of 113 hectares in the Southeast of Astana is has been chosen to accommodate the venue for the event.

Liège in Belgium is the only one other candidate to host the fair.

The winning candidate will therefore be decided by the Bureau of International Expositions (BIE) at the end of the year.

Estimated cost of the Kazakhstan’s project stands at $1.5 billion. As of today Kazakhstan only developed a concept design of the venue that was earlier submitted to the BIE as part of the bidding process. A winning master plan will be decided on later.

“Should the Kazakhstan’s bid win, we will start working on choosing the best master plan right away. Both of the venue and of the adjacent town”, Ms. Beisseyeva said.

According to her, the land to accommodate the fair facilities is already included in the city development master plan.

Presently, there are two types of world expositions: registered and recognized (sometimes unofficially known as "major" and "minor" fairs, respectively). Registered exhibitions are the biggest category events. At registered exhibitions, participants generally build their own pavilions. They are therefore the most extravagant and most expensive expos. Their duration may be between six weeks and six months. Since 1995, the interval between two registered expositions has been at least five years. Most recently, the registered exposition Expo 2010 in Shanghai was held from May 1 through November 1, 2010.

Recognized expositions are smaller in scope and investments and generally shorter in duration: between three weeks and three months. Only one recognized exhibition can be held between two registered exhibitions. Expo 2012 was held in Yeosu, South Korea, with the theme "The Living Ocean and Coast: Diversity of Resources and Sustainable Activities".

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