Construction projects boom in Kazakhstan, surpassing 400 in number
In a recent report, it has been revealed that Kazakhstan has been making efforts to repatriate illicit assets with the aim of investing them into various public welfare projects. These projects typically focus on improvements in infrastructure such as water supply, healthcare facilities, educational institutions, and sports infrastructure.
According to the report, as of today, a total of 406 socially significant projects have been funded, amounting to 318.1 billion tenge. The Special State Fund received 434.3 billion tenge from the returned assets. Among the funded projects are 230 water supply and wastewater projects, 162 healthcare projects, 10 education projects, and 4 sports projects.
The total value of water supply and wastewater projects funded is 151.9 billion tenge, while the total value of healthcare projects is 96.7 billion tenge. The total value of education projects funded is 6.2 billion tenge, and the total value of sports projects is 2.3 billion tenge.
However, the report did not disclose the nature or specifics of the socially significant projects, nor did it provide information about the source of the returned assets. The Minister of Finance, Madhi Takiiev, reported on efforts to repatriate illicitly transferred assets, but no further details were provided.
The Prime Minister chaired a government meeting regarding these matters, but no new information about the source of the returned assets or the government meeting was provided in the report. It is recommended that those seeking precise and current details about Kazakhstan’s allocation of repatriated illicit funds consult official government releases from Kazakhstan’s Ministry of Finance or relevant anti-corruption agencies, or reports from international organizations monitoring asset recovery and social investment in Kazakhstan.
The report did state that the funds from the returned assets will be used for the implementation of these projects, aiming to improve social well-being and support sustainable development. Despite the lack of specific details, it is clear that Kazakhstan is making significant strides in using repatriated assets for the betterment of its citizens.
- The science and education sector in Kazakhstan is set to benefit from the repatriated assets, as 10 education projects have been funded, highlighting the government's commitment to education-and-self-development.
- In the health-and-wellness sector, 162 healthcare projects have received funding, demonstrating the government's priority on improving healthcare facilities for its citizens.
- The sports industry in Kazakhstan will receive a boost with the implementation of 4 sports projects, aiming to promote health and well-being among the populace.
