Shareholders Consortium and Special Purpose Vehicle

Alsim Alarko

Alsim Alarko Sanayi Tesisleri ve Ticaret A.Ş. was 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 Kazakhstani infrastructure market through undertaking Aktau-Manasha road rehabilitation project. Alarko’s other significant projects include Ankara-Istanbul high speed railway, Boryspil International Airport in Kiev and various metro rail system lines in Istanbul. Among others, the following projects were completed in Kazakhstan:

- Water distribution and sewage system in Nur-Sultan,
- Suspension bridge in Semei,
- Atyrau-Aqtau road rehabilitation,
- Astana International Airport,
- Aqtobe-Qarabutaq-Qostanai highway,
- Almaty-Bishkek road rehabilitation,
- Bozshakol Copper Plant,
- Expansion of Philipp Morris tobacco factory,
- Hospital complex in Zhezqazgan,
- Taldykol sewage pond decommissioning and sewage sludge disposal,
- Water supply and sanitation project in Astana.
Alsim Alarko Website

SK

Since its establishment in 1977, SK ecoplant Co., Ltd. has been pursuing sustainable growth and stability and gained a good reputation for its excellent technologies and construction capability in various industries, such as power plants, civil infrastructure, architecture, and housing.

Particularly, SK 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 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 countries, it is continuously expanding into the global market as the EPC contractor and as the Total Solution Provider. SK secured mega-development PPP projects such as the Turkey Eurasia Underwater Tunnel, Laos Hydroelectric Power and Turkey Canakkale Bridge BOT Projects. The Turkey Eurasia Underwater Tunnel Project has already achieved its construction completion and is at the operation stage, contributing a good reputation as a global civil infrastructure provider. SK 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.’
SK Website

Makyol

Makyol İnşaat Sanayi Turizm ve Ticaret A.Ş. 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 highways and roads, metros, tunnels, airports, ports and tourism facilities, both locally and internationally. The company’s notable projects include 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 heavy construction and infrastructure, Makyol has significant relevance with concession projects.
Makyol Website

KEC

Founded in 1969, Korea Expressway Corporation is a prominent player in the construction and maintenance sector. The company is one of the most experienced in expressway construction with more than 3,500 km of construction undertook to date. In addition to expressways, the company has completed various bridge and tunnel constructions mainly in South Korea. In line with the company’s experience in expressways construction, 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 and currently has operations in Asia, Latin America and the USA. KEC’s experience is expanded abroad, especially to developing countries, sharing the best practices to support the road network development and improve quality of life through development assistance and participation in various road projects worldwide, including throughout the CIS countries such as Kyrgyzstan, Uzbekistan and Azerbaijan.
KEC Website

BAKAD Investment and Operation LLP

The Turkish-Korean Consortium consisting of Alsim Alarko Sanayi Tesisleri ve Ticaret A.Ş. (Alsim Alarko), SK ecoplant Co., Ltd. (SK), Makyol İnşaat Sanayi Turizm ve Ticaret A.Ş. (Makyol) and Korea Expressway Corporation (KEC) have established the Special Purpose Vehicle (SPV) – BAKAD Investment and Operation Limited Liability Partnership – in Almaty Region of the Republic of Kazakhstan to carry out any kinds of activities related to:
- Development, financing, engineering, construction, commissioning, operation and maintenance of the “Big Almaty Ring Road (BAKAD)” Project,
- Exercising the rights vested to and fulfillment of the obligations assumed under the Concession Agreement with the Ministry of Industry and Infrastructural Development of the Republic of Kazakhstan,
- Fulfilling the commitments under the debt financing terms and conditions.

BARR Operation and Maintenance LLP

BARR Operation and Maintenance LLP was founded in 2022 for the purpose of operating and maintaining the BAKAD road. Korean-Turkish Consortium consisting of Korea Expressway Corporation (KEC), Alsim Alarko Sanayi Tesisleri ve Ticaret A.Ş. (Alsim Alarko), Makyol İnşaat Sanayi Turizm ve Ticaret A.Ş. (Makyol) and SK ecoplant Co., Ltd. (SK) is the shareholder of BARR Operation and Maintenance LLP.
Since the BAKAD road opened on 16.06.2023, BARR Operation and Maintenance LLP has been working on Toll operation, maintenance, traffic management, snow removing and all related to BAKAD road.

EGIS Infrastructure Management Kazakhstan

Egis is an international player active in the consulting, construction engineering and mobility service sectors. There are 28 road operating companies, 20 airport and 21 urban parking contracts under the operation of Egis.
Egis is one of the top global engineering firms and one of the few that operate the infrastructure we design, which is ranked 7th in the world for transportation and 8th for building. In 2024, Egis also appears 6th in the Top 10 International design firms in the Middle-East category.
With operations in 120 countries, Egis places the expertise of its 19,500 employees at the disposal of its clients and develops cutting-edge innovation accessible to all projects.
Egis design and operate intelligent infrastructure and buildings capable of responding to the climate emergency and helping to achieve more balanced, sustainable and resilient territorial development.
Improving people’s quality of life and supporting communities in their social and economic development, whilst drastically reducing carbon emissions and achieving vital 2050 net zero targets, that’s Egis’s purpose.
Egis shareholders consist of Tikehau Capital (40%) via its T2 Energy Transition fund, Caisse des Dépôts (34%) and its partner managers and employees (26%) through Egis Partenaires and a Corporate Mutual Fund share.