Financing Of Railway Field From USPF Considered As An Option – MID

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Financing of the railway field of Kazakhstan from the Uniform Saving Pension Fund is considered as one of the possible options, reports the Ministry of Investments and Development.

“The Ministry of Investments and Development officially declares that in the report of A. Rau, First Deputy Minister, at the MID collegium concerning attraction of 50 bn tenge from USPF for the cars production for KTZ at the domestic mechanical companies, the source was indicated as one of possible options for the funds attraction,” reads the statement.

“Besides USPF other financing sources are being considered for support of Kazakhstani mechanical engineering. No final decision has been taken,” the message said.

As it was reported, A. Rau said that 50 bn tenge are planned to be allocated for support of railway field from the USPF assets in 2017.