Kazakhstan Government to Engage More Banks in Modernizing Utility Networks

Kazakhstan plans to invest 1.8 trillion tenge by 2027 to modernize its energy and utility infrastructure. Approximately 1.3 trillion tenge will be raised through loans, with 400 billion tenge financed by second-tier banks and the Development Bank of Kazakhstan. The government has identified 85 projects across 14 regions, with financial institutions proposing to fund 901.5 billion tenge. More banks are urged to participate in financing utility network upgrades.

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