Kazkommertsbank JCS started financing new big construction project in Almaty
/IRBIS, October 21, 2011/ - As part of the execution of
agreements with akimat of Almaty, Kazkommertsbank JCS
began funding a project to build a new multi-residential complex
"AFD Plaza" with planned investment of $180 million, the press
service of the bank reported.
As noted, earlier on September 29, 2011 the conceptual design
of a new residential complex "AFD Plaza" was approved by the
Town Planning Board of the city for further detailed design.
As indicated in the message, currently on construction site
dismantling of the existing concrete structure of commercial
premises is in progress. Construction of the complex will begin
in November 2011. The completion date is scheduled for Q4
According to the press service, taking into account the
commitments in the Memorandum signed with akimat of Almaty,
the bank will provide full funding for construction, and the city of
Almaty city administration will pave the backbone of
"The scheme of public-private partnership made it possible,
despite the crisis, to complete the completion of several housing
complexes, including objects of shared construction. Now we
move on, and performing an agreement with the government
and akimat, starting a new project", - said the managing director
of JSC "Kazkommertsbank" Magzhan Auezov.
Memorandum of public-private partnership to address the socio-
economic development of the city was signed by Almaty City
Administration and JSC "Kazkommertsbank" August 18, 2011,
was indicated in the message.