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The Shariah-Compliant Affordable Housing Financing Project - GPN
Active IsDB project procurement notice for Kyrgyz: General Procurement Notice. Review the official procurement documents, eligibility requirements and submission conditions.
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Active IsDB project procurement notice for Kyrgyz: General Procurement Notice. Review the official procurement documents, eligibility requirements and submission conditions.
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The Shariah-Compliant Affordable Housing Financing Project - GPN Show excerpt
GENERAL NOTICE OF PROCUREMENT COUNTRY: Kyrgyz Republic NAME OF PROJECT: The Shariah-Compliant Affordable Housing Financing Project SECTOR: Housing and Urban Development GENERAL PROCUREMENT NOTICE Mode of Financing: Instalment Sale Financing No.: KGZ-1028 The Kyrgyz Republic has received financing in the amount of USD 79.45 million equivalent from the Islamic Development Bank toward the cost of the Shariah-Compliant Affordable Housing Financing Project .
It intends to apply part of the proceeds to payments for goods, works, related services, and consulting services to be procured under this project. This project will not be jointly financed by any other agency . The project includes the following components: Component 1: Construction of Affordable Housing Units – Construction of approximately 1,620 multi-apartment housing units in Sokuluk District, Chui Region, using a lease-to-own mechanism (Ijarah Muntahiya Bitamlik).
Works contracts for civil construction will be procured under International Competitive Bidding (ICB) procedures. Component 2: Shariah-Compliant Housing Finance Line – Provision of financing through participating financial institutions to support self-construction of homes by eligible beneficiaries. This involves procurement of consulting services to structure and implement Islamic finance instruments (e.g., Murabaha, Istisna’a).
Component 3: Project Management and Capacity Building – Engagement of a Project Management Consultant to support implementation, oversee construction, ensure safeguards compliance, and facilitate institutional capacity building. Consulting services will be procured using ICB Member Country (ICB-MC) procedures. Component 4: Environmental and Social Safeguards Implementation – Procurement of advisory services and monitoring systems
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