Kazakhstan Utilizes Recovered Funds to Enhance Water Distribution Infrastructure
KICKSTARTING DEVELOPMENT: ILLEGAL ASSETS REFO株GUED FOR NATIONAL IMPROVEMENTS
ASTANA - The Special State Fund is diverting confiscated ill-gotten gains towards enhancing the water supply systems in Kosshy and Makinsk, a couple of towns in Akmola Region, according to the Prime Minister's press service on April 28.
Waving the flag of regeneration, a time capsule ceremony kicked off the project. Check out the map, courtesy of The Astana Times. Take a peek here for a larger view!
In Kosshy, a staggering sum of 476.7 million tenge (approximately US$926,501) is being pumped into regenerating the city's water supply system, aiming to guarantee 100% centralized water access for over 50,000 residents. By 2038, this figure could skyrocket to 150,000.
In Makinsk, a whopping 606.4 million tenge (approximately US$1.1 million) is being funneled into wrapping up water supply infrastructure jobs. This will guarantee full access for over 18,000 residents.
Meanwhile, things took a twisting turn as a time capsule ceremony initiated the construction of a state-of-the-art music school of arts in the quaint village of Temirlan, Ordabasy District, Turkistan Region. This project is one of the initial social initiatives endorsed by the government, as part of President Kassym-Jomart Tokayev's mandate to invest repatriated capital in ventures that put citizens first.
Once upon a time, the music school in Temirlan, built in 1974, deteriorated into a pile of rubble. The future-ready replacement structure, worth approximately 890 million tenge (approximately US$1.7 million), will house 300 students and cater to children from nearby villages.
To date, Kazakhstan has nabbed roughly 610 billion tenge (approximately US$1.1 billion) in illicit funds, encompassing 506 billion tenge (approximately US$983.4 million) in cold hard cash and 103 billion tenge (approximately US$200.1 million) in property.
Wasting no time, the government is allocating these funds to revamp 280 social infrastructure facilities, including medical, educational, sports, and public utility projects.
HEY, HEALTHCARE:- In the Pavlodar Region, the Kazakh government is investing 228 million tenge (approximately US$452,761) from recovered assets to erect medical facilities in remote areas. That includes building new health centers and a maternity station to retire the old folks[2].
ON THE EDUCATION FRONT:- No specific details regarding education are forthcoming. However, the government is using these recovered funds to construct socially significant facilities nationwide, unintentionally supporting educational infrastructure by easing budget constraints, freeing up resources for schools and other educational facilities.
REGIONAL SPORTS BOOST:- Anticipating a sports boom, resources have been diverted to build sports facilities, fortifying the athletic scene in Kazakhstan[2].
UTILITIES REVISION:- Recovered funds are also being channeled to revamp the water supply systems in the Aralsk district of the Kyzylorda Region, ensuring top-notch public utility services[2].
In essence, Kazakhstan's strategic plan for redistributing confiscated funds is geared towards revamping public services and infrastructure throughout the country.
- The Special State Fund is also utilizing confiscated funds to construct a state-of-the-art music school in the village of Temirlan, which will cater to 300 students and provide music arts education to children from nearby villages.
- Besides water supply systems, recovered funds are being used to revamp utility services in the Aralsk district of the Kyzylorda Region.
- In addition to national improvements in education and healthcare, discreet funds are being allocated to boost the sports sector in Kazakhstan, reinforcing its athletic scene.
