Government to allocate more than 700 billion KZT to finance important projects
Kazakhstan government plans to allocate more than 700 billion KZT in the nearest three years to finance important projects. The Minister of Economics and Budgetary Planning, Bahyt Sultanov, informed at the selector government meeting on Monday, the agency reports.
Astana. August 5. Kazakhstan Today - Kazakhstan government plans to allocate more than 700 billion KZT in the nearest three years to finance important projects. The Minister of Economics and Budgetary Planning, Bahyt Sultanov, informed at the selector government meeting on Monday, the agency reports.
"64.6 billion KZT has been allocated in the amended republican budget for 2008 on financing of 6 important projects as contribution of the state. Expenditures at the rate of more 700 billion KZT for the projects requiring state financing have been included in the developed three-year budget," B. Sultanov said.
Bank of Development of Kazakhstan has already opened credit lines for 8 important projects. The Eurasian Bank of Development will finance one project and the state has provided guarantee for three projects for the sum of $365 million.
"11 more projects of the total cost of $13.1 billion are being carried out with participation of the national companies," he noted.
According to the Minister of Economics, 26 projects are at practical realization stage. This year 6 more projects of the total cost of more than $1.4 billion and in 2009 - 4 more projects for a total sum of $1.8 billion are planned to be commissioned.
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Today we sign the Treaty on Deepening and Expanding Allied Relations, a historical document, which will give a new impulse to the development of the Kazakh-Kyrgyz ties," the Kazakh President said.
Kassym-Jomart Tokayev thanked Sadyr Zhaparov and the people of Kyrgyzstan for the humanitarian aid sent due to the massive floods in several regions of Kazakhstan. He pointed out dynamic development of the bilateral contacts. In his opinion,active political dialogue, close intergovernmental and interparliamentary ties give a special impulse to the relations.
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Holding the Days of Culture has already turned into a good tradition. We exchange experience in education. The contacts between the youth have intensified. Today we will open the monument to Manas in Astana, which proves a high level of the Kazakh-Kyrgyz relations. We are interested in bringing them to a brand new level," he stated.
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