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Caspian Energy Journal Caspian European Club
Friday, 08 July 2016 21:00

Government proposed mechanism to finace SPIID projects for 2015-2019

Minister of the  national economy of the RK  Kuandik Bishimbayev voiced a mechanism that can be used to finance investment projects in 2015-2019, Caspian Energy News (www.caspianenergy.net) reports with reference to the official website of the Government of Kazakhstan.

"As part of the updating of the State program of industrial-innovative development for 2015-2019, in general the need for support mechanisms is 1 trillion tenge,  today it is supported by the Budget Commission  for 600 billion tenge. We believe that to ensure the SPIIID  in financing investment projects, you can use the previous positive experience when co-funding by the National Fund,"  K. Bishimbayev said.

He noted that this mechanism will be approved by the Government in the near future.

"We believe that the allocation of funding limit for 2017 under the program "Nurly Zhol" these amounts could be considered," Bishimbayev said.

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