Kazakhstan approves National Infrastructure Plan until 2029

Kazakhstan approves National Infrastructure Plan until 2029

The Kazakh government has approved the National Infrastructure Plan until 2029, aimed at creating a sustainable framework to meet the needs of the population and economy. The plan focuses on four infrastructure sectors, including energy, transportation, digital, and water supply and sewage systems, with a list of 204 projects already identified. Specifically, the plan includes the introduction of new capacities to meet the growing electricity consumption, modernization of heating networks, and other initiatives. The implementation of these projects will require over 40 trillion tenge, primarily sourced from non-budgetary funds. The government notes that these initiatives will have a positive economic impact, with an expected average GDP growth contribution of 2.3 percent and a gross value added of nearly 25 trillion tenge. One of the plan’s multiplier effects is the creation of around 150,000 jobs.