PPP and financial justification: business plan for a project with the state
When the state takes part in a project, the document goes through mandatory expert review: a business plan for a PPP project, a financial and economic justification of budget investments, or a development programme for a tender. We prepare the documents to the current orders and answer the experts’ comments.
The first review of your project is free and without obligation. We reply in working hours and tell you where to apply and whether you are in time.
Apex Consulting is a consulting firm in Astana, working since 2017. We have prepared 2,137 business plans for 535 clients; our clients have raised $1.7 billion in financing. Payment: 70% after the brief is agreed, 30% after the committee approves the project. Revisions after expert comments are free for three months. We defend the project before the committee together with the client. From ₸350,000, from 3 working days.
PPP by private initiative
Under the Law “On Public-Private Partnership” a private partner may propose a project itself. It submits an application and a draft information sheet, and an opinion is issued within 15 working days. If the project goes through direct negotiations, a business plan is prepared and goes through mandatory expert review.
A PPP project runs for at least 5 years. The state may reimburse investment and operating costs, pay for the availability of the facility and provide land for the term of the contract.
Who carries out the review
Since 1 January 2026 PPP business plans and tender documentation are reviewed only by accredited organisations, including the Kazakhstan PPP Centre. Without a positive opinion the project goes no further, so we prepare the business plan and financial model to pass that review.
Financial and economic justification of budget investments
If the state takes equity in a company or provides a budget loan, a financial and economic justification under Order of the Ministry of National Economy of 5 December 2014 No. 129 is required. This applies to quasi-public companies, LLPs with state participation and SECs.
The justification must show why the project cannot be financed from own or borrowed funds and substantiate the financing structure and sources, the financial indicators, benefits and costs. The economic review is carried out by the PPP Development Centre or a regional PPP centre.
State property in trust management and privatisation
State-owned assets are transferred to trust management with a buy-out right and sold through tenders on the state property register. Tender terms include investment and output commitments, so a bidder needs a development programme for the asset with calculations. The tender commission sets the requirements for each lot.
How we work
Free review: we look at which instrument fits, PPP, budget investment or a tender, and which document is needed. After the brief is agreed and 70% is paid, we prepare the business plan, justification or development programme with a financial model. We answer the reviewers’ comments. 30% is paid after a positive opinion or the commission’s decision.
What you get
- Business plan for a PPP project or a justification under Order No. 129, in Word and PDF.
- Financial and economic model in Excel for the full project term.
- Development programme for a state property tender.
- Answers to the reviewers’ comments.
From ₸350,000, from 3 working days. Payment: 70% after the brief is agreed, 30% after the committee approves the project. Revisions after expert comments are free for three months; we defend the project with you.
Questions and answers
- Can I propose a PPP project myself?
- Yes, this is a private initiative: you submit an application and a draft information sheet, and the opinion is issued within 15 working days.
- Who reviews a PPP business plan?
- From 2026 only accredited organisations, including the Kazakhstan PPP Centre. Without a positive opinion the project goes no further.
- Who needs a financial and economic justification?
- Companies in which the state takes equity or that receive a budget loan: the quasi-public sector, LLPs with state participation, SECs.
- How much does it cost?
- From ₸350,000. PPP and justification documents are usually larger; we quote the exact price and timeline after the review.
Cases
Cement plant
$10 million loan from a foreign fund. Business plan and model in two languages. Amount: $10 mln
Grinding media plant
Entry into a SEZ and 80/20 financing. Feasibility study revised to the SEZ’s comments. Amount: $5 mln
Shopping centre, hotel and boiler house
Three loans with an interest subsidy. Three plans, recalculated at the bank’s request. Amount: $15 mln
Sources
Programme terms change. Checked on 15 October 2026. Verify with the primary source before applying:
The first review of your project is free and without obligation. We reply in working hours and tell you where to apply and whether you are in time.