Almaty ring road

completed

IFC, jointly with the European Bank for Reconstruction and Development (EBRD), will provide transaction advisory support to the Ministry of Transport and Communications (MTC) of the Republic of Kazakhstan to attract a private concessionaire to build, operate and maintain a bypass road around the city of Almaty for a period of at least 25 years. IFC will conduct its mandate in two phases. In phase one, IFC will carry out the technical and commercial due diligence for the project, and in consultation with EBRD will present the proposed transaction structure to MTC. As part of phase two, IFC jointly with EBRD will assist MTC, upon its approval of the proposed transaction structure, in implementing an open and transparent competitive bidding process to select a private investor capable of financing, building, operating and maintaining the proposed road.