"Nurly Zhol 2020-2025": Support for domestic automakers
Nurly Zhol State Infrastructure Development Program for 2020 - 2025 was approved by Decree of the Government of the Republic of Kazakhstan dated December 31, 2019 No. 1055.
In order to increase the volume of repairs and maintenance of roads, the renewal of the fleet of road-building and municipal vehicles will be carried out through the mechanism of leasing financing of IDF JSC.
The goal is to promote economic growth and improve the living standards of the country's population through the creation of an effective and competitive transport infrastructure, the development of transit and transportation services, and the improvement of the technological and institutional environment.
Tasks of the Program
Main terms of leasing financing:
|Subject of leasing||municipal, road-building machinery, buses, tractors and combines of domestic production, objects of energy, gas, housing and communal infrastructure|
|Nominal interest rate||7% per annum|
|Down Payment||at least 15% at the expense of the local budget or the lessee’s own funds|
Leases may include
Vehicles and special purpose automotive equipment of domestic production, except for passenger transport: