02.06.2009, 15:50 2708

Government approved financing plan of Samruk-Kazyna and Kazkommertsbank

The government of Kazakhstan at the session today approved the plan of financing of JSC Fund of National Welfare Samruk-Kazyna and Kazkommertsbank to complete problem construction objects of Kuat Corporation, the agency reports.

Astana. June 2. Kazakhstan Today - The government of Kazakhstan at the session today approved the plan of financing of JSC Fund of National Welfare Samruk-Kazyna and Kazkommertsbank to complete problem construction objects of Kuat Corporation, the agency reports.

According to Managing Director - a member of the board of Samruk-Kazyna fund, Kayrat Aytekenov, Samruk-Kazyna fund, Kazkommertsbank, Kuat Corporation, and akimat of Almaty signed the memorandum on May 21 directed at joining of efforts to finish construction of the problem objects in Almaty. Kuat Corporation free property, accordingto the memorandum, will be transferred to the design company created by Kazkommertsbank. Samruk-Kazyna is required to fund Kazkommertsbank so that it could finance this design company. Thus, in his opinion, "the problem with equity share holders in Almaty will be solved."

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