이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Kazakh infrastructure led by Korean consortium could draw first PPP loan from AIIB
- Collected
- 2016.07.06
- Distributed
- 2016.07.07
- Source
- Go Direct
If approved in a board meeting in September, it would be the first AIIB financing for a project led by Korean companies and the lender’s first investment in public-private partnership (PPP).
SK Engineering & Construction Co. and Korea Expressway Corporation in March was named the preferred bidder for hugely expansive $900 million project that comprises of construction of 66-kilometer-long highway, 21 bridges and viaducts, and eight intersections designed to accommodate increased population in Almaty City.
SK E&C is in charge of the construction and Korea Expressway for operation and management. A final contract will be signed within the year if last-stage negotiations go well.
The project already drew financing from the European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC) and Islamic Development Bank (IDB). “The project is deemed as a stable investment as it is backed by the Kazakh government,” said an official from the Ministry of Land.
The Kazakh project was among five infrastructure projects the AIIB announced to review for financing in its first annual general meeting last month.
By Moon Ji-woong
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