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June 2013
Building the New Silk Road: EBRD transport infrastructure investments in
Central Asia
Askar Namazbayev,
Infrastructure Russia and Central Asia
1. What is the EBRD?
2. EBRD transport Infrastructure investments in Central Asia
3. Case studies
What is the EBRD?
The European Bank for Reconstruction and Development:
•International financial institution dedicated to promote transition to market economies by investing mainly in the private sector development and entrepreneurship.
•Established in 1991. Headquartered in London, the Bank has 36 regional offices.
•Owned by 64 countries and two intergovernmental institutions (AAA rated)
•Largest single investor in the region (34 countries from Central Europe to Central Asia): €78.8bn in more than 3,644 projects since 1991
Where we operateMay 2012
EBRD projects span every business sector
Transport
Industry, Commerce& Agribusiness
Financial Institutions
Manufacturing & Services
Municipal & Environmental Infrastructure
Power & Energy
Natural Resources
Property & Tourism
Telecommunications, Informatics & Media
The Bank invests in a broad range of Transport projects including, but not limited to..
Road Road rehabilitation and construction of new highways, secondary and rural roads, by-passes, maintenance equipment and contracting, toll-motorway construction and operation
Rail
Aviation
Ports &Shipping
Rehabilitation, maintenance and construction of rail infrastructure (track, signaling, power supply, civil structures), Rail operations (rolling stock, maintenance facilities)
Rehabilitation and construction of port infrastructure (berths, quays, land access), superstructure (warehouses, gantries), inland waterways, and vessels
Rehabilitation and construction of airport infrastructure and terminals for passenger & cargo, airline finance, air navigation services (ANS)
Logistics & Intermodal
Construction of intermodal terminals & logistic centres, support to intermodal operators
1. What is the EBRD?
2. EBRD transport Infrastructure investments in Central Asia
3. Case studies
Transport infrastructure investments in CA
Portfolio by Region Portfolio by Sector
In Central Asia the Bank’s portfolio in transport sector exceeds EUR 1 billion in 20 projects, with Kazakhstan being the largest country of operation;
Road infrastructure in Kazakhstan
- Kazakhstan has a strategic location between Europe and Asia;
- The Government plans to improve transit corridors for trade with China, Russia and Europe;
- One of the most important corridors is the Western China – Western Europe International Transport Corridor, running 2,800 km across the country (running along ancient Silk Road routes);
- The construction started in 2009 and expected to finish in 2014/15. The total cost of construction is estimated to top USD 5.7 billion. IFIs, including EBRD provide funding.
WC-WE is part of CAREC transport corridors..
- The Central Asia Regional Economic Cooperation, or CAREC Programme was established by the Asian Development Bank (ADB) in 1997 in cooperation with six multilateral institutions, including EBRD.
- The Programme is active the Central Asia as well as several other countries outside the region.
- CAREC aims to achieve its overall development objectives by promoting regional cooperation in four priority areas: Transport; Trade Facilitation; Energy, and Trade Policy.
- EBRD’s engagement in the CAREC programme has so far focussed mainly on transport projects. The majority of CAREC’s transport projects have been in the road sub-sector.
- Going forward CAREC related investments are expected to reach USD 23 billion to boost regional integration.
1. What is the EBRD?
2. EBRD transport Infrastructure investments in Central Asia
3. Case studies
Client: Ministry of Finance of Kazakhstan
EBRD finance: USD 180 million
Type of finance: Sovereign debt
Total Project cost:
USD 207 million
Year: 2009
Project description:
The Project is to rehabilitate and upgrade the 102 km long road section from Aktobe to the border of the Russian Federation. This is the most northerly link in Kazakhstan of the WC-WE Transit corridor.
Impact: Fostering expansion of private sector participation in the development, management and operation of road infrastructure by assisting the Government with structuring a first pilot PPP.
Increase the role of private sector in the route road maintenance by introduction of Service-Level agreements.
Case Study
Aktobe-Martuk road rehabilitation project
Client: Ministry of Finance of Kazakhstan
EBRD finance: USD 142 million
Type of finance: Sovereign debt, co-financing with ADB
Total Project cost:
USD 378 million
Year: 2012
Project description:
The Project is to reconstruct and upgrade the 99 km long road section from the city of Shymkent to the border with Uzbekistan. This is the most southerly link in Kazakhstan of the WC-WE Transit corridor.
Impact: Improving the efficiency of the road sector administration by facilitating the establishing an independent road agency.
Increase the role of private sector in the route road maintenance by assisting with structuring a pilot performance based maintenance contract.
Case Study
Shymkent-Tashkent road rehabilitation project
Case Study
Structuring the first road PPP in Kazakhstan – work in progress
The Government requested the Bank to assist with structuring the first pilot road PPP in Kazakhstan and chose the Greater Almaty Ring Road for the purposes of the pilot (also known as BAKAD).
The city of Almaty is the largest city in Kazakhstan (population >1.6m) and lies on the WC-WE transit corridor.
In July 2012 EBRD joined forces with IFC in order to facilitate structuring. Preparation of the feasibility study and update of technical parameters is under way (March 2013).
The tender launch is planned for the second half of 2013.
Key highlights of the project:
4- 6-lane road with total length of 64 km, passing major international corridors around the city of Almaty.
Estimated construction cost is USD 730 m
Almaty
Contacts
Askar Namazbayev
Principal Banker, Infrastructure
t: + 7 7172 58 02 04
EBRD
Samal distr., 12, Astana Business Tower
Astana, Kazakhstan
For all further enquiries, please contact :
