Kazakhstan Allocates Recovered Funds for Social Projects in Turkestan and Akmola Regions
The Kazakh government is set to use funds recovered under the Law "On the Return of Illegally Acquired Assets to the State" to build two key social facilities, according to Primeminister.kz. These funds, collected by the Commission for the Return of Illegally Acquired Assets, are transferred to the Special State Fund for redistribution towards socially beneficial projects.
In line with the President Tokayev’s directives, the first projects to benefit from these funds are a sports complex in the village of Zerenda, Akmola region, costing 2.1 billion tenge, and a music school in the village of Temirlan, Turkestan region, with an investment of 890 million tenge.
These initiatives aim to enhance rural social infrastructure by expanding access to education and sports services. In Zerenda, a modern sports complex will cover over 6,000 square meters and accommodate 80 people per shift. The center will cater to wrestling, boxing, skiing, and will have two fully equipped gyms. The facility will serve the region’s active population, where over 14,500 residents regularly participate in sports.
In Temirlan, a new music and arts school for 300 students will replace the outdated existing facility, which was built in 1974 and is no longer suitable for major repairs. The current center, despite being over capacity, serves 420 students under 45 teachers. The new school will offer improved conditions for children studying music and choreography.
The Special State Fund has accumulated 177 billion tenge so far, all of which will be dedicated to building social and infrastructure projects, including those related to healthcare, education, and mass sports.
The Commission overseeing the return of illegally acquired assets is chaired by the Prime Minister, with the Prosecutor General’s Office’s Committee for the Return of Assets serving as the working body.
