Kazakhstan Allocates 250bn Tenge for Problems with Bad Assets of Banks
OREANDA-NEWS. April 16, 2014. Construction of three dry cargo terminals to expand transmission capacity of the seaport Aktau will begin until July 1 of the current year.
It was announced by the Minister of Economy and Budget Planning Yerbolat Dossayev at a briefing of the Central Communications Service.
He also stopped at the timing of the other major transport and logistics projects. Construction of a dry port in SEZ "Eastern Gates" will begin until July 1 of this year. It is assumed that the national company "KTZ" to finance the project for 36.8 billion tenge from its own funds, and co-financing from the national budget for 38.4 billion tenge is also expected.
In addition, construction will continue until December 1, 2014 and opening of traffic on the railway line d "Zhezkazgan – Beyneu" is planned.
The National Fund to allocate 250 billion tenge for solving problems with bad assets of the second-tier banks, Y.Dossayev said.
According to him, a new concept of the fund functioning will be adopted until July 1, 2014.
He added that to provide the domestic market with long-term funding in the national currency, the concept on pension asset management, Single Pension Fund’s assets will be adopted until June 1 of this year.
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