The EDB Technical Assistance Fund to finance the digitalisation of PPP tender procedures in Kazakhstan
Astana, 4 April 2023. The Eurasian Development Bank’s Technical Assistance Fund (EDB TAF) will provide a KZT 70.6 million grant to digitise public-private partnership (PPP) tender procedures in Kazakhstan.
The grant will finance the creation and commissioning of a procurement subsystem of the E-Procurement information system to help select private partners for PPP projects implemented in Kazakhstan.
The subsystem will be highly functional and provide one-stop-shop access to all tender procedures and information on PPP projects. In addition, it is planned to be integrated with other Kazakhstan’s information systems.
The project is in line with Kazakhstan’s key strategic documents aimed at promoting the private sector and PPPs, as well as the EDB’s Strategy and 2022–2026 Country Strategy for Kazakhstan.
“The Bank’s TAF project will digitise the selection of private partners in PPP projects, improve the availability of information about ongoing tenders and increase potential investors’ interest in PPP projects in Kazakhstan. This is our first project with Kazakhstan’s PPP Centre and we plan to continue supporting Kazakhstan’s PPP initiatives,” said Iaroslav Mandron, Vice Chairman of the EDB Management Board.
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.
The EDB Technical Assistance Fund (TAF) is a special fund helping to create enabling conditions for investment and development projects in the Bank’s member countries. The Fund operates to enhance the Bank’s ability to finance investment projects that are in line with its mission. It supports potential borrowers at the project planning stage as well as national governments and organisations whose projects promote the institutional environment, economic development and growth. The TAF is financed from the Bank’s net profit and donor funds.
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