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Special fund for development of community facility to be created in Kazakhstan

ASTANA. 16.02.2010. KAZINFORM /Kanat Kulshmanov/ A possibility to create special financial fund for the development of community facility in Kazakhstan is under consideration; Chairman of the Board of "Kazakhstan Center for Modernization and Development of Public Utilities" JSC Zinulla Kaziyev has said it today in Astana. "The conception on modernization and development of public utilities has a paragraph concerning the creation of special credit organization", - Z. Kaziyev said. Herein he noted that the purpose of creation of such fund is to render support to private investors in financing projects of housing and public utilities with the use of mechanisms of the state-private partnership. "We think it will be created this year", - he explained. Funds from the national budget are expected to be the main source for financing of the activity of the fund.


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