Kazakhstan Reinvests Recovered Assets to Reconstruct Capital Sports Stadium
Kazakh Government Allocates Funds for New Stadium Construction in Astana
The Kazakh government has announced plans to allocate returned illegally acquired assets from the Special State Fund to finance the construction of a new Kazhymukan Munaitpasov Central Stadium in the Kazakh capital, Astana. The new stadium, estimated to be worth 17.3 billion tenge (US$35.5 million), will replace the old facility.
The construction of the new stadium comes after the old facility, which was constructed in 1936, was entirely dismantled due to its unsafe condition. The new sports complex is scheduled to be completed by the end of this year, as reported by the Prime Minister’s press service on March 12.
The new stadium will feature 3,598 seats, including accommodations for individuals with disabilities, and will be built following international UEFA standards. Once completed, the facility will be handed over to the Specialized Children’s and Youth Sports School of the Olympic Reserve No. 8, under Astana Akimat (administration).
The new stadium is expected to host training sessions and provide optimal conditions for athletes’ preparation, ultimately improving their performance. In addition to the stadium project, over 82 billion tenge (US$168 million) have been allocated from the Special State Fund to construct 16 socially significant facilities across the country. These include schools, sports complexes, a hospital complex, a regional ambulance station, a Center for Special Social Services, a hostel, kindergartens, and the modernization of water supply systems in the Aralsk district of the Kyzylorda Region.
The Kazakh government’s commitment to investing in infrastructure and sports facilities demonstrates its dedication to the development and well-being of its citizens.
