EBRD to finance modernization of water supply systems in Kazakhstan

21 мая 2011, 19:47
Today in Astana the European Bank for Reconstruction and Development (EBRD) and municipal authorities of Kazakhstan have signed a memorandum to finance modernization of water supply systems on the basis of public-private partnerships.

“The Bank will provide a substantial package of technical assistance to finance prep works for the PPP projects in four cities of Kazakhstan. Should the projects be approved by the Bank’s Board, the Bank will consider providing about $100 million to finance the eligible projects”, Olivier Descamps, the Bank’s Managing Director for Turkey, Eastern Europe, the Caucasus and Central Asia, said.

Umirzak Shukeev, First Vice Prime Minister, said that the draft projects for four cities will be complete by 2012, with another 15 cities to follow in 2013. Taraz, Atyrau, Aktobe and Semei have been selected as the first batch of pilot projects.

Astana has been hosting EBRD annual meeting May 20-21.

The Annual Meeting brings together the EBRD’s Board of Governors, namely the government ministers and other senior officials who represent the Bank’s shareholder countries and organisations. The Governors review the EBRD’s activities to support recovery in the region and give strategic guidance on the Bank’s operations in the period ahead. The Board of Governors sessions will be staged alongside the established Business Forum programme, launched this year under the theme “Supporting Markets – Asia Meets Europe”.

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