190 projects worth 1.5 trillion tenge to be implemented in manufacturing industry this year in Kazakhstan
Minister of Industry and Construction of Kazakhstan Yersaiyn Nagaspayev at the Government session reported on measures taken to ensure the stable development of the manufacturing industry, El.kz cites primeminister.kz.
He noted that this year in the industry will be introduced 190 projects worth 1.5 trillion tenge. Also, 417 projects worth more than 15.3 trillion tenge have been launched. The projects will be financed by attracting both private investment and funds from the BVU and development institutions.
"As of today, financing of manufacturing industry projects worth more than 1.1 trillion tenge is being worked out. In particular, for the implementation of major projects through the CDB, the need is 183.5 billion tenge. For 2025-2028, 800 billion tenge will be allocated for medium and small projects, including about 100 billion tenge to finance small industrial zones, for which there is demand from small businesses. These measures will ensure the growth of industry, create new jobs and improve the competitiveness of economic sectors," Yersaiyn Nagaspayev emphasised.
According to the department, today financing of manufacturing industry projects worth more than 1.1 trillion tenge is under consideration. In particular, for the implementation of major projects under the CDB, the need is 183.5 billion tenge. The FRP for 2025-2028 - 800 billion tenge for the implementation of medium and small projects, including about 100 billion tenge to finance small industrial zones, for which there is demand from small businesses. These measures will ensure industrial growth, create new jobs and improve the competitiveness of economic sectors.
For the leasing of vehicles for the renewal of public transport and special equipment through the DIF for 2025-2026, the allocation of about 109 billion tenge is being considered. As a result, about 900 new buses will be delivered in the next two years, as well as more than 800 units of special vehicles for emergency and municipal services.
Yersaiyn Nagaspayev also spoke about plans to commission housing in Kazakhstan this year. According to him, to achieve the 2025 target of commissioning 19 million square metres of housing, the issue of allocation of funds in the amount of 500 billion tenge through the Baiterek line is being additionally studied.
In particular:
- 300 billion tenge to buy out 21 thousand rental housing;
- 120 billion tenge for the supply of engineering and communication infrastructure;
- 80 billion tenge to fund Otbasy Bank's ‘2-10-20’ and ‘5-10-20’ mortgage programmes.
"The Ministry will continue to work on effective utilisation of allocated financial resources, support of strategically important initiatives and creation of conditions for sustainable economic growth,"Yersaiyn Nagaspayev concluded.
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