It’s not uncommon for investment projects in Kazakhstan to take several years to complete. During this period, construction costs can increase, leading authorities to adjust design specifications and estimates, which further drives up the overall cost of these projects. It’s no surprise that this issue caught the attention of members of the Senate, the upper house of Kazakhstan’s parliament, who asked Prime Minister Olzhas Bektenov to investigate the situation.
According to the head of the country’s cabinet, the cost of each of the 25 investment projects in Kazakhstan surged by an average of $7.4 million. However, four projects reported even...