Baiterek Holding explains financing mechanisms of the MEUS National Project in the regions

Aliya Murzagalieva, Managing Director of Baiterek National Managing Holding JSC, together with representatives of the Committee for Regulation of Natural Monopolies of the Ministry of National Economy of the Republic of Kazakhstan, the Ministry of Industry and Construction of the Republic of Kazakhstan, and local executive bodies, is conducting regional seminars and meetings to clarify the financing mechanisms of the National Project “Modernization of the Energy and Utility Sectors” (MEUS).

During these events, special attention is paid to the role of Baiterek as the financial operator of the National Project. Participants are introduced to support instruments, including:

• direct lending through the Development Bank of Kazakhstan;
• financing through the Kazakhstan Housing Company via the issuance of government securities by local executive bodies;
• guarantee mechanisms of the Damu Fund in cases of insufficient collateral.

In addition, the processes of interaction between natural monopoly entities and the financial operator are explained in detail — from application submission and project review to financing and further support.

“It is important for us that all natural monopoly entities gain a clear understanding of the available financial instruments and can effectively benefit from the support measures. The implementation of the National Project requires close cooperation between the government, business, and financial institutions,” noted Aliya Murzagalieva, Managing Director of Baiterek National Managing Holding JSC.

Regional seminars have already been held in the Karaganda and Ulytau regions (Karaganda), Akmola and North Kazakhstan regions (Kokshetau), East Kazakhstan and Abai regions (Semey), Turkistan and Zhambyl regions, as well as in the city of Shymkent. On August 29, meetings took place in the Pavlodar and Kyzylorda regions. In the near future, similar events will be organized in the Zhetysu, Mangystau, Almaty, and Atyrau regions, as well as in the cities of Almaty and Astana. The final stage of seminars will cover the West Kazakhstan, Aktobe, and Kostanay regions.

Particular emphasis is placed on the practical aspects of participation in the National Project and the application of guarantee instruments.

“Such explanatory work helps companies prepare for participation in the National Project, build effective cooperation with the financial operator, and increase the efficiency of infrastructure project implementation,” stressed Lyazzat Bishenova, Director of the Department for Analysis of Development Support Instruments of Baiterek National Managing Holding JSC.

As part of the interdepartmental team, Baiterek will continue working in the regions, ensuring transparency and accessibility of financial instruments. This will accelerate infrastructure modernization, improve the quality of utility services, and create conditions for the sustainable development of Kazakhstan’s economy.