Tokayev's address outlines People's Construction programme funded by Kazakhstan's National Fund

Tokayev's address outlines People's Construction programme funded by Kazakhstan's National Fund
Photo: Egemen Qazaqstan

In his address "Priority Tasks of Kazakhstan in the New Historical Period", President Kassym-Jomart Tokayev set out plans for socio-economic development and the "People's Construction" programme. It will be funded from the National Fund, whose gold and foreign-currency reserves and assets exceed 130 billion dollars.

About 6.5 trillion tenge will be allocated from the National Fund until the end of 2029 for infrastructure, and about 1.5 trillion tenge for social projects this year and in early 2027. Around 70 health facilities and some 50 education, sport and culture buildings are planned in the regions.

In transport, the Bakty–Ayagoz railway is due to launch next year, and the Aral–Caspian highway, begun in August, is expected to cut the Trans-Caspian route by about 1,000 kilometres. The president also ordered the widening of the Kokshetau–Petropavl road after a recent fatal accident.

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This story was automatically summarised and translated from Egemen Qazaqstan. All rights to the story belong to its source.

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