Yerzhan Yessimkhanov, GRATA International Partner, contributed the following overview of Kazakhstan's infrastructure development and FIDIC contract form in the UK Construction Law Journal in Kazakhstan.
Kazakhstan is one of Central Asia’s largest economies, rich in natural resources including oil, gas, coal and various types of minerals. To support development and transportation of these natural resources, the country's Government has implemented several massive initiatives of infrastructure development over the last decade, including construction of major pipelines (such as the Beineu-Shymkent Pipeline and Asia Gas Pipeline), production facilities (such as chemical and bitumen plants), airports, toll roads and other forms of infrastructure. These initiatives were financed mainly by credit facilities provided by international financial institutions (such as the European Bank for Reconstruction and Development (EBRD), Asian Development Bank (ADB), China Development Bank (CDB) and many others), and implemented by the Government and its development institutions together with international and local construction companies.
Originally published in the Construction Law Journal.