Gov’t to allocate extra funds for bus production development
The government will allocate additional funds for the development of bus production in Kazakhstan, vice-president of Kazakhstan Automobile Business Association Anar Makasheva announced at the 3rd Kazakhstan Automobile Forum.
"Last year, the Government allocated 10 billion tenge for preferential lending and preferential leasing program, and this year the state is also considering allocating extra funds for the development of this program. About KZT 13bn will be funded for the acquisition of new domestic vehicles, "- said Makasheva, adding that more than 11 world automakers have provided their technologies for the production of cars in the territory of Kazakhstan, which points to the foreign manufacturers’ confidence that our people can be engaged in the production of vehicles. It is not only money investments for the construction of plants, but also investments in personnel, service and so on.
She also stressed that Kazakhstani producers have passed the crisis successfully, and this year there is a significant growth in both sales and production in Kazakhstan.
"The growth of auto retail over last year amounted to 6.1 percent, the share of Kazakhstan's production in total sales - 35.5 percent. Kazakhstan automakers produced 19,000 vehicles, which is three times higher than last year," Makasheva concluded.
