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

  • New Moscow highway project planned
    September 10, 2019
    A new highway project is being planned to improve transport links to and from Russia’s capital, Moscow. The 16km route will connect Vinogradovo, Boltino and Tarasovka featuring two lanes in either direction. The link will feature six bridges and overpasses and is expected to carry from 24,600-33,800 vehicles/day. The route will be managed by the Fourth Concession Company following an agreement with the Gazprom Bank. Construction should be complete by 2022, with the project worth over US$375 million and the
    Read More
  • Indonesia’s Trans-Sumatra highway inches ahead
    March 11, 2015
    Indonesia will form a consortium of state enterprises to build all the 2,700km of the Trans-Sumatra toll highway, from Lampung to Aceh on the island of Sumatra. The finance department is also setting up special infrastructure banks to provide flexible loans for the state departments to fund the project, Indonesian media reported. Indonesia recently changed the law that had the state infrastructure company PT Hutama Karya as the only organisation allowed to build major projects. Other state enterprises can n
    Read More
  • Turkey mega project opening for tender
    January 12, 2017
    The tender process is commencing for a US$5 billion contract to construct a bridge and a road network of roads in Turkey. The bridge will span the Dardanelles waterway and the project looks likely to attract strong interest from several major international construction firms. The Çanakkale 1915 Bridge will be located at the western end of the Sea of Marmara, a short distance from Çanakkale. The 3.6km long bridge will feature a main span of 2.023km, making it one of the longest suspension bridges in the worl
    Read More
  • US$5.9 billion for three Philippines expressways
    July 10, 2024
    US$5.9 billion is being spent for three new expressways in the Philippines.
    Read More

Highlighted Content