/KASE, November 1, 2024/ – Development Bank of Kazakhstan JSC (Astana),
whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release dated October 31, 2024:
quote
Development Bank of Kazakhstan JSC, in partnership with the European Bank
for Reconstruction and Development, the Asian Infrastructure Investment Bank,
the Islamic Corporation for the Development of the Private Sector, the
Development Finance Institution DEG, and the Company for Promotion and
Participation in Economic Cooperation (Proparco), has formalized a financing
agreement to support the construction of a new 630-bed, round-the-clock
multidisciplinary hospital in Kokshetau. The borrower for this project is RenEll
Kokshetau LLP, with Rönesans Holding A.Ş. as the shareholder.
It is noteworthy that this project marks the first public-private partnership
(PPP) in the healthcare sector in Central Asia, involving the construction of a
new medical facility covering 110,000 square meters. The new hospital will
become a state-of- the-art medical center equipped to the latest global
standards, ensuring that residents of Kokshetau and surrounding areas have
access to high-quality healthcare services. The project’s implementation also
includes the integration of cutting-edge technologies and treatment methods,
along with the enhancement of healthcare infrastructure in the region.
The total financing committed by syndicate participants will reach up to EUR 365
million, of which EUR 30 million will be provided by the Bank as loan funds to
cover construction, equipment procurement, and other activities during the
investment phase.
unquote
The complete press release is available on –
https://kase.kz/files/emitters/BRKZ/brkz_relizs_311024_2.pdf
[2024-11-01]