The EDB to support PPP development in the Kyrgyz Republic
Bishkek, 11 October 2022. The Eurasian Development Bank (EDB) will support the development of public-private partnerships (PPPs) in the Kyrgyz Republic. The Bank is ready to consider and finance new projects that use PPP mechanisms. The EDB and the PPP Centre of the National Investment Agency under the President of the Kyrgyz Republic made a relevant memorandum on the sidelines of the International PPP Conference in Bishkek.
The EDB delegation comprising Svetlana Maslova, Director for PPP Projects, Vladimir Yakunin, Head of the Department for Project Support, and Sergey Paseko, Executive Director of the Directorate for Transport and Infrastructure, took part in the business section of the conference.
The EDB will identify challenges and prospects for PPP development and assess legal and institutional prerequisites for scaling up PPP projects in the Kyrgyz Republic. The Bank will also assist in implementing and scaling up best practices and prepare documentation for PPP projects in the country that are ready for structuring and financing by the EDB.
The EDB delegation met with Kurmanbek Moldokulov, Director of the Bishkek Development and Investment Promotion Agency, to discuss potential PPP investment.
“The Eurasian Development Bank is the only financial institution with the mandate, resources and competencies to develop PPPs in all of the countries where it operates – Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia and Tajikistan. The EDB has an extensive PPP programme that accords with current development trends – firstly, PPPs as an instrument to achieve the United Nations Sustainable Development Goals and promote ESG agenda in the EAEU countries; secondly, PPPs as a way to develop cross-border infrastructure and a key mechanism in implementing key investment mega-projects – the Eurasian Transport Network, the Eurasian Commodity Distribution Network and the Water and Energy Complex; and thirdly, in the context of digitalisation of all PPP-related processes and integration with international PPP platforms. Our portfolio already includes several PPP projects that are crucial for the development of the member states as well as Eurasian integration. In Kazakhstan, for example, it is the Big Almaty Ring Road (BAKAD) and in Russia the Western High-Speed Diameter in St Petersburg. We are working with PPP authorities in Armenia and Belarus to support their initiatives. With the Kyrgyz authorities’ new initiatives in this area, we are confident that the memorandum with the PPP Centre of the Kyrgyz Republic will result in launching and implementing PPP projects with the Bank’s support,” said Svetlana Maslova, Director for PPP Projects at the EDB.
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution investing in Eurasia. For more than 16 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.
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