05.02.2010, 11:07 2884

President signed law on refusal of financing by France of project of modernization of water delivery

The head of state, Nursultan Nazarbayev, signed the Law on Denouncement of the Protocol of Financing between the government of Kazakhstan and the government of the French Republic (the project of rehabilitation and modernization of infrastructure of water delivery and severage infrastructure of Almaty), the agency reports citing the president's press service.

Astana. February 5. Kazakhstan Today - The head of state, Nursultan Nazarbayev, signed the Law on Denouncement of the Protocol of Financing between the government of Kazakhstan and the government of the French Republic (the project of rehabilitation and modernization of infrastructure of water delivery and severage infrastructure of Almaty), the agency reports citing the president's press service.

As informed earlier, on January 15 at the plenary session, the deputies of the Senate of Parliament of Kazakhstan passed the Law on Denouncement of the Protocol of Financing between the government of Kazakhstan and the government of the French Republic (the project of rehabilitation and modernization of infrastructure of water delivery and severage infrastructure of Almaty.

The protocol, signed on October 5, 2000 in Astana, was ratified by the law of Kazakhstan of July 11, 2001. "The Ministry of Finance, on behalf of Kazakhstan government, and Natexis Bank Popular, on behalf of the government of France, signed, on April 30, 2002, the credit contract, according to which the bank was supposed to provide the credit."

The documents state that this credit will come into force if the Agency for Regulation of Natural Monopolies approves the business plan that assumes increase in Almaty of tariffs for water by 50 %. However, the Agency for Regulation of Natural Monopolies has not approved this tariff policy.

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