| South-West Corridor Road Project in Kazakhstan
29 October 2008 EBRD is considering to grant a loan to the Republic of Kazakhstan for the rehabilitation and upgrade of a 102 km road section between the Russian border and the city Aktobe. The total project cost is estimated at USD 207 mil of which USD 180 mil could be financed by EBRD loan. One of the most important transition impacts of this project is to prepare and launch the country’s first road PPP project following international best practice. In order to achieve the above objective a technical cooperation is offered in the amount of USD 1.5 million by Japan/Europe Cooperation Fund (managed by EBRD) to assist the Borrower with the preparation of a PPP concept paper and subsequent transaction advisory services for a pilot PPP project preparation. The whole project summary can reach via this link.
Financial Crisis hits PPP Projects
28 October 2008
Project Datafile reports that the £120m Aberdeen school PPP project can endangered because of the financial crisis. The project has been funded by Landsbanki, an Icelandic bank that has been nationalised to save it from collapse. Nysir, the Icelandic developer leading the NYOP consortium is now left in charge of trying to refinance the deal. The developer admitted that this could take a little time, refusing to rule out work on the schools being halted until the new backers were found. Construction on the project to build seven primary schools and two academies in Aberdeen has been underway for over a year, with completion due in September 2010.
Source: www.projectdatafile.co.uk
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