Kazakhstan approves 133 projects worth 900 billion tenge from new infrastructure fund

September 28, 2026 at 08:14 AM2 min

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Kazakhstan's government has approved 133 projects totaling 900 billion tenge through the newly created Infrastructure Development Fund. The fund plans to allocate 1.5 trillion tenge from the National Fund for social and infrastructure projects. Transport infrastructure will receive up to 30% of approved financing, while healthcare gets 27%.

Key Facts

The Infrastructure Development Fund was created by government decree No. 676 on July 30, 2026.
The fund will distribute 1.5 trillion tenge from a targeted transfer from the National Fund of Kazakhstan.
As of late September 2026, 133 projects worth 900 billion tenge have been approved.
Transport infrastructure projects will receive up to 30% of approved financing, healthcare 27%, and the remaining 43% is allocated across six sectors including water supply, education, and tourism.
President Kassym-Jomart Tokayev instructed the government on July 13, 2026 to begin a large-scale program of social and infrastructure construction.

Fund Creation

President Kassym-Jomart Tokayev instructed the government on July 13, 2026 to begin a large-scale program of social and infrastructure construction. The government created the Infrastructure Development Fund on July 30, 2026 through decree No. 676. The decree was classified 'for official use', and its existence became known from a finance ministry order dated August 11, 2026. The fund is a cash control account in the state treasury, receiving budget funds from the National Fund and other legal sources.

Funding Allocation

The fund plans to finance projects totaling 1.5 trillion tenge from a targeted transfer from the National Fund. As of late September 2026, 133 projects worth 900 billion tenge have been approved. Transport infrastructure will receive up to 30% of approved financing, healthcare 27%, and the remaining 43% is distributed across water disposal, water supply, heat energy, education, tourism, and culture.

National Fund Context

The National Fund has been a key source of government revenue for the past 20 years, in some years providing up to 39% of total state budget revenues. According to National Fund statistics, the government has withdrawn funds through guaranteed or targeted transfers every year since 2007.