BAKAD Investment and Operation LLP
Alsim Alarko Sanayi Tesisleri ve Ticaret A.S., Makyol Insaat Sanayi Turizm ve Ticaret A.S., SK Engineering & Construction Co., Ltd. and Korea Expressway Corporation, have established the BAKAD Investment and Operation Limited Liability Partnership in the Republic of Kazakhstan in the form of a limited liability partnership to carry out any kinds of activities related to (i) development, financing, engineering, construction, commissioning, operation and maintenance of the “Big Almaty Ring Road (BAKAD)” project (the “Project”), and (ii) exercising of the rights vested to and fulfillment of the obligations assumed under the concession agreement executed with the Ministry of Investments and Development of the Republic of Kazakhstan (“Concession Agreement”).
Founded in 1954, Alarko is a leading conglomerate in Turkey with a vast focus on contracting, construction and infrastructure projects. The company is highly active in Turkey and the neighboring regions with numerous infrastructure projects including metros, energy power plant constructions, highways, airports, railways and real estate projects. In addition to the Company’s experience in the infrastructure space, Alarko is familiar with the Kazakh infrastructure market through undertaking the reconstruction of Aktau-Manasha road. Alarko’s other significant projects include Ankara-Istanbul high speed railway, water distribution and sewage system in Astana, Boryspil International Airport in Kiev and various metro rail system lines in Istanbul.
Makyol is among the leading firms in Turkey with operations in heavy construction, infrastructure, commercial real estate, housing development and tourism investments with over 50 years of experience. Makyol’s project portfolio has given it an enviable reputation in the construction of highway and roads, metros, tunnels, airports, ports, and tourism facilities both locally and internationally. The company’s notable projects include the investment, construction and operation of 433 km Gebze-Orhangazi-Izmir Highway including İzmit Bay Crossing (4th longest suspension bridge in the World)-Turkey, Blacksea Coastal Highway, Erbil International Airport-Iraq, Baku By-Pass Highway-Azerbaijan, Oran Port Coastal Highway-Algeria, Batinah Coastal Road-Oman, Ovit Tunnel (3rd longest tunnel in Europe)-Turkey and Antalya Light Rail 2nd and 3rd Stage-Turkey and remarkable size Metro projects in Istanbul. In addition to being highly experienced in the heavy construction and infrastructure space, Makyol has significant relevance with Concession projects. Makyol is currently working in Turkey, Morocco, Algeria , Iraq and expecting to start mobilization in Kuwait.
Since its establishment in 1977, SK Engineering and Construction Co., Ltd. (“SK E&C”) has been pursuing sustainable growth and stability and gained a good reputation for its excellent technologies and construction capability in the various industries, such as power plants, civil infrastructure, architecture, and housing.
Particularly, SK E&C is renowed for its civil infrastructure business around the world in various sectors such as railways, roads, harbors, underground spaces, housing/industrial complexes and water and environmental facilities. SK E&C has extensive expertise and experience in Government-tendered projects not only in Korea but also in other countries such as Expressway Extension in Damyang and Donghae Harbor Construction in Korea and Doha Metro Red Line in Qatar. Based on its expertise earned by its accumulated experiences during the course of performing the projects in Korea and other nations, it is continuously expanding into the global market as the EPC contract and also as the Total Solution Provider. SK E&C secured mega-development PPP projects such as the Turkey Eurasia Underwater Tunnel, Laos Hydroelectric Power and Turkey Canakkale Bridge BOT Projects and currently executing the said projects after achieving the financial close successfully. The Turkey Eurasia Underwater Tunnel Project has already achieved its construction completion and is currently at the operation stage, contributing a good reputation as a global civil infrastructure provider. SK E&C is achieving quantitative and qualitative growth in a sustainable and steady manner and making a leap to accomplish the vision of ‘Global Top Tier City Developer & Infrastructure Builder.’
Korea Expressway Corporation
Founded in 1969, Korean Expressway Corporation (“KEC”) is a prominent player in the construction and maintenance sector. The company is one of the most experienced players in expressway construction with more than 3,500 km of construction undertook to date. In addition to expressways, the company has undertook various bridge and tunnel constructions mainly in South Korea. In line with the company’s experience in the construction of expressways, KEC also offers maintenance services such as routine maintenance, periodic maintenance, emergency responses and road, facility and structure rehabilitation. Following its local success KEC initiated to participate in global expressway projects with currently having operations in Asia, Latin America and the USA.