In Astana was been the meeting of the First Deputy Chairman of “Development Bank of Kazakhstan» Dostiyarov Askar, the Chairman of the Board “Public-Private Partnership Advisory Center” Birtanov Elzhan and CEO “Federal Center of Project Finance” (FCPF, VEB Group) Bazhenov Alexander.
The sides discussed the prospects of elaboration of infrastructure in Russia and Kazakhstan, including the development of public-private partnership (PPP), the next steps for the establishment of mutually beneficial cooperation, and identified the promising areas joint preparation and implementation of infrastructure projects of interest of the two countries.
Infrastructure development is one of the priorities of the countries of the Shanghai Cooperation Organization (SCO). These projects, including the principles of PPP in accordance with the main directions of the state policy should be the basis of industrial development of the SCO. Following the meeting, support center of public-private partnerships and FCPF have signed a memorandum of understanding and cooperation. The document provides for the development of all-round cooperation, joint participation in the preparation and maintenance of infrastructure projects, including PPP principles, as well as the exchange of experience and consulting in economics. The result of the joint activity will increase the number of high-quality deals on infrastructure projects, including PPP projects with the potential for private investment by improving the efficiency of processes at all stages of project preparation, as well as expanding the market offers and to attract a wide audience of private investors.
Federal Center for Project Finance (FCPF, VEB Group) – 100% subsidiary of the State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”, created for financial assistance in the implementation of projects of urban and regional development with the involvement of private investment, investment advisory services to build and providing commercial and financial closure of projects development, training and the development of regulatory and information support to development projects in the Russian Federation. Center for support of PPP projects of the Republic of Kazakhstan is an organization that provides assistance to the infrastructural development of the Republic of Kazakhstan through the provision of advisory services to public and private sector, including the field of public-private partnerships.