Valuation, Capital Projects and Infrastructure

Digital Assurance and Transparency

Transforming Capital with Clarity,
Precision and Purpose.

Large-scale investments and infrastructure projects drive transformation; they demand precision, insight and accountability. By combining deep industry expertise and rigorous analysis, our team guides clients through the full capital lifecycle — from feasibility and funding to delivery and performance. At PwC we help turn ambition into lasting impact.

“Behind every bold investment is a story of smart planning and sharp execution. Our team helps clients see the full picture — from risks to opportunities — so they can move forward with confidence and clarity.”

Arman NurkinPartner, Valuation, Capital Projects and Infrastructure Leader in Eurasia 

Valuation and Economics team possesses extensive experience in undertaking projects spanning diverse sectors within the Eurasia region. The team offers services through two distinct streams: Infrastructure, Government & Utilities, and Valuation.

Infrastructure, Government & Utilities 

  • Economic analysis and modelling
  • Feasibility study/business plan development
  • PPP services
  • Investment analysis
  • Fundraising support services
  • Market research

Valuation services

  • Business valuation/value analysis​​​​
  • Assets valuation
  • Valuation for reporting (financial, tax and other) purposes
  • Valuation of financial instruments
  • Financial modelling
  • Actuarial services

Our selected experience: 

Development of a financial model, feasibility study and preparation of a business plan for the construction of a new public hospital under PPP in Kazakhstan.

Technical consultancy within framework of comprehensive program aimed at establishing pre-schools across Uzbekistan using PPP model.

Development of a financial model for EBRD and AIIB for the Shokpar Wind Power Plant project for financing purposes.

Feasibility study preparation and financial model development for hospital construction in Uzbekistan for IFC

Analysis of opportunities for private sector participation in Solid Waste Management in Dushanbe for the World Bank. Assessment of prototype PPP models.

Assessment of the development potential of the economic corridor between Kazakhstan, Uzbekistan and Tajikistan for ADB.

Valuation / Value analysis services:

NC KazMunayGas (KMG) JSC, Cooperatieve KMG EP UA, QazaqGas, and largest oil refining companies in Kazakhstan.

Samruk Kazyna United Green LLP (solar plants), CATEK Green Energy LLP  and Golden Energy LLP (wind farms).

Kaspi.kz JSC, Freedom Holding Corp., ForteBank JSC, IpotekaBank, NovaLeasing JSC. 

Kazakhmys Corporation, Eurasian Resources Group (ERG), ArcelorMittal Temirtau, Kazzinc, Cantech S.à r.l.

Beeline, Tele2, Altel, Kcell, Kazakhtelecom JSC, Transtelecom JSC.

Kazakhmys Holding LLP, ERG, JSC AK Altynalmas, Samruk-Energy JSC, NC KMG JSC.

Public Sector: Capital Projects and Infrastructure (CP&I)

CP&I's revenue distribution among Public Sector, Corporates, and Investors/Lenders has a comprehensive service coverage across various industries, including transport, telecommunications, and energy, driven by significant global trends.

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Reach out to discover how PwC can support your business goals.

Contacts

Natalya Lim

Strategy& and PwC Advisory Leader in Eurasia, PwC Kazakhstan

+7 727 330 3200

Email

Arman Nurkin

Partner, Valuation, Capital Projects and Infrastructure Leader in Eurasia, PwC Kazakhstan

+7 727 330 3200

Email

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