OREANDA-NEWS. April 05, 2011. President Nursultan Nazarbayev Surveys Zhagalau-3 Residential Complex, Apartments of Which Will be Sold Under New Housing Construction Development Programme for 2011-2014. The top management of the Municipality of Astana, construction companies and banks reported to the head of state on the progress of realization of the state housing policy. The new programme recently adopted by the Government stipulates three main directions of the state support for housing construction: introduction of housing construction savings system, funding of the second tier banks for financing of construction, and construction of infrastructure for engineering services.

Mayor of Astana Imangali Tasmagambetov briefed the President on the plans of the Municipality of Astana to implement the first direction of the Programme as to use the housing construction savings system for the construction of loan housing by the local executive administration. It was noted that two residential estates will be put into service on the right bank of the city during the nearest two years.

The construction of housing through the housing construction savings system has been launched in all regions of the country. For these purposes amount of KZT 48.8 billion is stipulated in the republican budget for 2011-2013 and of KZT 28.8 billion – in the current year for realization of the pilot projects. Furthermore, additional amount of KZT 32 billion is planned to be allocated in 2012. It will provide construction of 300 thousand square meters of loan housing throughout the country in 2012.

According to funding of the second tier banks for construction of housing, the state is planning to place target deposits in the second tier banks during the periods of construction and sale of apartments. In 2011, KZT 57 billion will be allocated, additional amount of KZT 13 billion is planned to be allocated in 2012 as well. As a result of this scheme 1.7 million meters of commercial housing will be built in 2012.

Under the third direction of the program the construction of infrastructure on the developed sites will be continued at the expense of budgetary funds. In 2011-2012, for these purposes additional amount of KZT 40 billion is planned to be allocated, of which 10 billion had been already allocated in the current year. It will provide additional construction of 1.2 million of square meters of individual housing construction per year and timely put into operation of state and commercial housing.

A total of KZT 359.2 billion with additional funds under the recently adopted programme for 2011-2014 will be allocated to support the housing construction programme.