25 billion tenge of private investment to be allocated for development of intelligent systems of road sector of Kazakhstan

AKIPRESS.COM - The signing of an investment agreement between KazAvtoZhol JS National Company and the Far Eastern Electronic Toll Collection Co., LTD Consortium Company, and Computer Vision Technologies LLP was held on December 24 in the presence of Prime Minister Askar Mamin, the press service of the PM said.
The agreement implies development of intelligent systems in the road sector and increase in the length of toll roads of national importance in accordance with the Nurly Zhol State Infrastructure Development Program.
According to the agreement, the Consortium will implement a system of charging for 11 thousand km of roads of the Republic of Kazakhstan of national importance. The project will be implemented in two stages: in 2020 - 5.7 thousand km (corridor Western Europe - Western China, etc.), in 2021-2024 - 5.3 thousand km (Karaganda - Balkhash - Almaty, Taldykorgan - Kalbatau - Ust-Kamenogorsk, etc.).
The volume of investments of the Consortium will exceed 25 billion tenge with a return period of 11 years. Based on the results of the project implementation and return on investment, the Infrastructure Charging System will become the property of the state represented by NC KazAvtoZhol JSC.
The project will create over 500 new jobs, increase the competence of domestic companies in the field of intelligent transport systems, ensure funding for the quality maintenance and preservation of roads, as well as reduce accident rates by fully covering the vehicle speed control system.
Rates of tolls on roads of the first technical category will be the same as on other toll roads operated in the Republic of Kazakhstan. On roads of the 2nd and 3rd technical categories of roads, the passage for cars will be free.
The charging system was developed jointly by Kazakhstani and Taiwanese programmers, it will be open - without barriers. The software is integrated into the existing Payment System of KazAvtoZhol JSC, which operates in the sections Nur-Sultan - Schuchinsk, Nur-Sultan - Temirtau, Almaty - Kapshagay and Almaty - Khorgos with a total length of 682 km.