Project description
and objectives:
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The proposed project involves an expansion of a residential compound in
Shimkent, Southern Kazakhstan, which was successfully completed this year. The
Project includes construction of 134 houses (Tulpar-2) to be co-financed by
Kazakh Kazkommertsbank (KKB), which provides a USD 6 million loan to the
Company.
The potential buyers of the houses can use mortgage financing available from
the major Kazakh banks operating in Shimkent.
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Transition impact:
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a) The proposed project will contribute to competition in the sector due to
the provision of superior quality housing and would develop a market for the
suppliers and clients.
b) Provision of local goods and services by suppliers and sub-contractors to
the company will support the local SME sector.
c) Skills transfer by the Kyrgyz sponsor including training of local
construction workforce in Shimkent in new construction technologies and
materials, imposing best practice of environment, health and safety standards
of construction. The Kyrgyz management would also introduce efficient
management, sound procurement along with new suppliers.
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The client:
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Eristyle-Kazakhstan Limited Liability Company, registered in the Kazakhstan.
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EBRD finance:
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USD 6 million senior loan with a 5-year tenor, including up to 2 years of
grace period.
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Total project cost:
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USD 6 million senior loan with a 5-year tenor, including up to 2 years of
grace period.
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Environmental impact:
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USD 6 million senior loan with a 5-year tenor, including up to 2 years of
grace period.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Mr. Oirat Mamirov
Eristyle-Kazakhstan Ltd.
Proezd Zemlyachki
Shimkent
Kazakhstan
486005
E-mail: mamirov_om@yahoo.com
Tel. +7 300 777 44 04;
Fax. + 7 3252 511 238.
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EBRD contact:
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Jyldyz Galieva, Operation Leader: galievaj@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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