SamrukKazyna Chairman reported to Majilis
ASTANA. April 28. KAZINFORM /Muratbek Makulbekov/ Chairman of the Board of SamrukKazyna National Welfare Fund Kairat Kelimbetov has made a report on the Fund’s activity in the 1st quarter of 2009 in the Majilis today. According to him, 25 large projects worth USD 19.5 bln are under the Fund’s consideration at present. These projects directed primarily on development of energy, transport infrastructure, oil and gas sphere and processing industry will be realized within the stabilization plan. USD 3.7 bln will be provided by the state for their implementation. The Fund’s Investment Committee has already considered 22 large projects. Three of them have been recommended for financing from the stabilization program’s means with USD 161 mln of state support. Five projects with USD 1 bln 316 mln state support will be realized by investors. Six projects requiring USD 809 mln state funds were recommended for financing under the condition of revision. The other five projects with USD 404 mln planned support were sent back for revision. Upon completion K. Kelimbetov answered the deputies’ questions.