Kazakhstan Turns Seized Oligarch Funds into Public Projects Worth 318 Billion Tenge
Photo: Orda.kz / Olga Ibrayeva
The government of Kazakhstan has released a full list of projects that will be funded by assets seized from oligarchs, totaling 318 billion tenge, Orda.kz reports.
“In total, 406 projects have been approved for funding. Of these, 333 are already underway, including nine education facilities, three sports complexes, 162 healthcare projects, and 159 water supply initiatives,” the government stated.
Medical centers are being built as part of the "Modernization of Rural Healthcare" program, aiming to bring medical services to residents of remote villages. The construction of water infrastructure using recovered funds supports a national goal: to provide all cities and rural areas with clean drinking water by the end of 2025.
In Astana, funds are being used to build a new 3,600-seat stadium named after Munaitpasov. In Almaty, nine water supply projects are being implemented. In Shymkent, a dormitory is under construction for students of the Sairam auxiliary boarding school.
The regions leading in the number of projects funded with returned assets include Qaraganda (62), North Kazakhstan (49), Aqmola (40), Turkistan (36), Almaty (29), and West Kazakhstan and Qostanay (25 each). Most involve upgrading water systems and building medical facilities in rural areas.
Earlier, it was reported that the first healthcare facility funded with recovered assets — a medical clinic in the village of Arnasay — had officially opened.
Original Author: Nikita Drobny
Latest news
- Orda.kz Editorial Team to Cease Operations on September 1
- The Price of a Degree: How Students in Kazakhstan Pay for University
- Second Przewalski’s Horse Foal Born as Species Returns to Kazakhstan
- Kazakh Mining Companies Can Recalculate Purchases if Tenge Weakens
- Kazakhstan Names First Vice President in Three Decades
- What Almaty’s Bus Shelters Are Missing
- 400-Truck Queue Builds at Kazakh–Kyrgyz Border
- Kazakhstan Ready to Help Feed and Rebuild Gaza
- Tokayev Establishes New Presidential Security Body
- Almaty Takes Back Its Nearly Century-Old Hippodrome
- No More Guesswork on Savings: Kazakhstan Tightens Energy Audits for Businesses
- Public Money Could Be Used to Rescue Failing Kazakh Banks
- Third Kazakh Woman Reported Missing in Nepal-China Flood Zone
- Falconer Convicted Over 35 Protected Birds, Spared Punishment Under Amnesty
- Kazakh Citizen Detained in Yakutia in Phone Fraud Case
- Yuan Instead of Dollars? KazMunayGas Draws Record Demand in Asia
- China Gains Oil-Market Influence as OPEC+ Weakens
- Kazakhstan to Divide Smartphones Into White, Gray and Black Lists
- Kazakhstan’s Government Formally Resigns as First Kurultai Session Opens
- Rare Lynx Sighting Recorded in Northern Kazakhstan
