Project number:


Business sector:

Property and tourism

Notice type:


Environmental category:


Approval date:

26 Jul 2005



PSD disclosed:

01 Apr 2005

Project Description

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.

Transition Impact

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.

The Client

Eristyle-Kazakhstan Limited Liability Company, registered in the Kazakhstan.

EBRD Finance

USD 6 million senior loan with a 5-year tenor, including up to 2 years of grace period.

Project Cost

USD 6 million senior loan with a 5-year tenor, including up to 2 years of grace period.

Environmental Impact

USD 6 million senior loan with a 5-year tenor, including up to 2 years of grace period.

Technical Cooperation


Company Contact

Mr. Oirat Mamirov
Eristyle-Kazakhstan Ltd.
Proezd Zemlyachki

E-mail: mamirov_om@yahoo.com

Tel. +7 300 777 44 04;
Fax. + 7 3252 511 238.


Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

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