Railway facilities to be returned to state ownership

A number of railway facilities in Kazakhstan are being returned to state ownership, as was announced at the meeting of the Commission on Economy Demonopolization chaired by Kazakh Prime Minister Alikhan Smailov. He was informed about the court’s invalidation of the transaction on the facilities transfer to the competitive environment as well as cases of embezzlement of entrusted property. It bears noting that the investigating authorities seized the assets and transferred them to the management of the Kazakhstan Temir Zholy national railway operator until the final procedural decision. Smailov instructed to intensify work on similar facilities in other regions of the country, emphasizing the importance of preserving all engineering procedures and activities of employees of the relevant enterprises. Additionally, an organization operating in the field of healthcare sector may be returned to state ownership. An interdepartmental commission will be created to verify the effectiveness of the facility management. After that, a decision on the advisability of terminating the contract and returning the asset to state property will be made.

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