Construction of the Saryarka gas pipeline (Phase I, Kyzylorda–Astana)
Project overview
Phase I of the pipeline, which spans 1,061 km, begins in the southern region and connects to the Beineu–Bozoi–Shymkent gas pipeline, which is part of the Kazakhstan–China gas pipeline system, and runs from Kyzylorda to Astana.
The financing was obtained through two bond issues:
-
bond issue 1 (KZT 85 billion) for institutional investors; and
-
bond issue 2 (KZT 102 billion) for the EDB in syndicate with the Development Bank of Kazakhstan (DBK), with a financing period of 10 years.
Financing was provided from the EDB’s own funds (KZT 51 billion) and a loan for the same amount from the DBK, totalling KZT 102 billion.
The construction of the Saryarka gas pipeline proceeds in phases.
Phase I was constructed in a record time of 11 months, compared to the standard construction period of 36 months.
The construction and operation phases created over 900 and approximately 200 jobs, respectively.
The project contributes to environmental improvements in and around communities by reducing emissions and promoting the decarbonisation of the economy.
