Kazakhstan highway being handled by consortium

An international consortium has been formed that will handle a major highway project in Kazakhstan. Worth US$730 million, the consortium’s contract is to build and operate a new tolled ring road around the capital, Almaty. The construction consortium comprises the Turkish contractors Alarko and Makyol, SK Engineering & Construction and Korea Expressway. The funding package for the project meanwhile is being provided jointly by the International Finance Corp and European Bank for Reconstruction and
February 12, 2018 Read time: 2 mins

An international consortium has been formed that will handle a major highway project in Kazakhstan. Worth US$730 million, the consortium’s contract is to build and operate a new tolled ring road around the capital, Almaty. The construction consortium comprises the Turkish contractors Alarko and 3340 Makyol, 3093 SK Engineering & Construction and Korea Expressway. The funding package for the project meanwhile is being provided jointly by the International Finance Corp and European Bank for Reconstruction and Development. The construction work is expected to cost $540 million.

The project includes the construction of 21 bridges and eight interchanges and the ring road will feature up to six lanes along certain stretches, with three in either direction. At other stretches the route will have four lanes, with two in either direction. Construction is expected to take just over four years to complete and the consortium has a 16 year concession package to operate the highway, after which the management responsibility for the ring road will revert back to the Kazakhstan Government.

Finance & Funding

For more information on companies in this article

Related Content

  • Bangladesh expressway funding secured
    November 11, 2021
    Funding has been secured for a key expressway project in Bangladesh.
    Read More
  • Vietnam's road expansion
    May 28, 2012
    Vietnam is seeing significant expansion of its highway network at present, with another three major projects now moving forward and much of the financial backing coming from other Asian nations such as South Korea and Japan. A feasibility study is being carried out for the 94km Nghi Son-Bai Vot expressway and this should be complete by October 2010. The project is expected to cost US$1.04 billion and the expressway will have either six or four lanes, based on Transport Engineering Design's study.
    Read More
  • Black sea countries complete preparations for implementation of Black Sea Ring project
    August 23, 2016
    The Black Sea Ring Road project will improve transport connections for the region - Eugene Gerden writes. Russia has officially started implementation of a project, known as the Black Sea Ring Road, which involves building a four-lane highway system connecting the countries surrounding the Black Sea. The Black Sea Ring Road is a substantial project, a highway measuring some 7,140km in all. Among the countries participating in the project are Turkey, Georgia, Russia, Ukraine, Moldova, Romania, Greece and
    Read More
  • Germany builds its first major PPI autobahn project
    July 7, 2015
    Rebuilding of one of the oldest motorways in Germany is testing out the possibilities for public-private project road construction reports Adrian Greeman A freshly renovated section of the A8 Autobahn in southern Germany will be watched with some interest this summer as traffic begins driving along its rebuilt carriageway and additional third lanes. That is not because of any special road features, other than a distinctive reddish colour to its concrete surface, but because it is a first fullscale public
    Read More

Highlighted Content