Kazakhstan contract awarded to consortium

A consortium will handle the contract to build a new beltway project for Kazakhstan’s capital, Almaty. The US$730 million project will be carried out by the consortium, which comprises the South Korean firms 3093 SK Engineering & Construction (SK E&C) and Korea Expressway and the Turkish contractors 3340 Makyol Group and Alarko Holding. The contract has been awarded under the build-operate-transfer model as a 20-year deal. The project is for a 66km beltway featuring multiple lanes in either direction and includes the construction of eight interchanges and 21 bridges. The construction work will be handled under the engineering, procurement and construction (EPC) model by SK E&C, Makyol Group and Alarko Holding. Meanwhile Korea Expressway will provide overall management for the project, which will take just over four years to build.