Astana akimat, development companies and banks reported on state housing construction policy

ASTANA. March 30. KAZINFORM On Wednesday President of Kazakhstan Nursultan Nazarbayev has surveyed Zhagalau-3 residential complex. The apartments of this residential estate will be sold through the new housing construction programme for 2011-2014, the Presidential press service informs.
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The Head of State listened to the report of the Astana akimat (city administration) executives, development companies and banks on fulfillment of the state housing programme. A new government-approved programme stipulates three basic directions of housing construction support: use of the system of housing construction savings for realization of housing, funding of second-tier banks for financing of construction, and construction of utilities.

Astana Mayor Imangali Tasmagambetov informed the President of the akimat plans to develop the first direction of the programme embracing construction of credit housing by the local executive authorities with realization through the system of the housing construction savings. Housing construction through the housing construction savings system has started the countrywide. It will let put 300,000 square meters of credit housing into operation in 2012.

According to the second direction of the programme, the state intends to place special deposits in the second-tier banks for the period of construction and beginning realization of the housing. It is planned to allocate extra KZT 13 bln in 2012.

As for the third direction construction of utilities on the account of the budgetary funds the will be continued.

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