IFC and the Kazakhstan Public-Private Partnership (PPP) Centre have signed an agreement to cooperate on increasing private sector investments in the country’s infrastructure.
The memorandum of understanding reflects the government’s commitment to enhance partnerships with the private sector, and it aims to strengthen the institutional capacity of the public administration for promoting public-private partnerships.
“With the financial crisis, governments increasingly are turning to the private sector to improve the quality of public services by financing, developing, and managing transportation, energy, telecommunications, water, sanitation, and other projects,” says Laurence Carter, director of IFC infrastructure advisory services.
“This signing marks the beginning of an enhanced level of cooperation between IFC and the PPP Centre,” says Bolat Smagulov, chairman of the Public-Private Partnership Centre. “We will benefit from IFC’s vast experience in providing transaction advice on sustainable infrastructure projects.”
Established in 1989, IFC’s advisory services in infrastructure have worked on more than 250 projects 80 countries. IFC is the only multilateral institution to offer direct advisory services to governments on implementing transactions with private-sector participation.
Since its inception in 2008, Kazakhstan’s PPP Centre has played a role in key infrastructure projects, such as the Shar station-Ustkamenogorsk railway and the south Kazakhstan-Aktobe oblast electric power line.
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