The EDB is actively promoting PPP digitalisation

03 October 2023

Bishkek, 2 October 2023. Svetlana Maslova, Director of PPP Projects at the Eurasian Development Bank (EDB), delivered a presentation at the Second International PPP Conference held in Bishkek, Kyrgyz Republic.

One of the EDB’s three priorities within its PPP programme is the digitalisation of PPP processes. Emerging digital technologies and solutions have the potential to streamline the PPP project preparation cycle, expedite their launch and reduce associated time and costs.

Svetlana Maslova underscored the need for digital PPP platforms and databases, digital project offices and PPP project accelerators in the EDB member countries. Importantly, it’s not just about digitalisation, it’s about transformation.

“We are not merely digitising paperwork but genuinely transforming the internal interfaces used in preparing and supporting PPP projects. This is how we maximise the synergy between PPP and cutting-edge digital technologies,” she said.

Svetlana Maslova also highlighted that the digitalisation of the economy necessitates the establishment of digital public infrastructure and the conversion of public services into digital formats. This encompasses infrastructure and services in education, healthcare, transportation and utilities.

Additionally, she noted that PPP projects in the digital realm should not be approached in the same way as conventional infrastructure projects. Digital PPP projects have a specific domain, risks and monetisation methods. The EDB possesses the expertise to assist governments and private IT companies in financing these initiatives.

An illustrative case from the EDB’s activities in digital transformation is the financing, through its Technical Assistance Fund, of a system designed to competitively select private partners for PPP projects in Kazakhstan. In August 2023, Kazakhstan launched an inaugural PPP project tender on a new e-platform developed with support from the EDB.

The EDB promotes the creation of growth points in PPP markets at the national level by providing project consultancy and grants to cultivate PPP projects and prepare all the necessary pre-project documentation to make them bankable.

The Bank also aims to scale up best PPP practices by participating in PPP initiatives that are part of its key investment mega-projects in the member countries.

One such project in Central Asia is the construction and operation of the Big Almaty Ring Road (BAKAD), where the EDB participated alongside the Islamic Development Bank and the European Bank for Reconstruction and Development.

The Second International PPP Conference brought together more than 50 international PPP experts from Japan, India, Turkey, Korea, Azerbaijan and Central Asian countries, along with 15 international financial institutions and over 150 representatives of Kyrgyz businesses and government agencies.

The participants noted that the Kyrgyz Republic has created favourable conditions for infrastructure PPP projects.

The Second International PPP Conference in the Kyrgyz Republic was hosted by the PPP Centre of the National Investment Agency chaired by the President of the Kyrgyz Republic, with support from the Asian Development Bank, the UN Economic Commission for Europe, the World Association of PPP Units and Professionals, UNICEF and the International Finance Corporation, among others.

Additional Information:

The Eurasian Development Bank (EDB) is an international financial institution promoting integration and development in its member countries. For more than 17 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. The EDB's charter capital totals US $7 billion. Its portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing, and mechanical engineering. The Bank’s operations are guided by the UN Sustainable Development Goals and ESG principles.

 

Eurasian Development Bank

Aigerim Akhanova

+7 (727) 244 40 44, ext. 6147

+77013283898

pressa@eabr.org

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