I.O.'S ORDER OF THE MINISTER OF NATIONAL ECONOMY OF THE REPUBLIC OF KAZAKHSTAN

of June 28, 2025 No. 59

About approval of Rules of planning and implementation of the state investment projects, developments or adjustments, conducting necessary examinations of the investment offer, technical and economic and financial and economic reasons, determinations of feasibility of budget crediting, portfolio construction of the state investment projects, and also adjustments of the approved (specified) parameters, selection, monitoring and assessment of implementation of the state investment projects

According to Item 9 of Article 148, Item 9 of Article 149, Item 1 of Article 150, Item 6 of Article 152, Item 3 of Article 153, subitems 1) and 2) of Article 155 of the Budget code of the Republic of Kazakhstan and the subitem 2) of Item 3 of article 16 of the Law of the Republic of Kazakhstan "About the state statistics" I ORDER:

1. Approve the enclosed Rules of planning and implementation of the state investment projects, developments or adjustments, conducting necessary examinations of the investment offer, technical and economic and financial and economic reasons, determinations of feasibility of budget crediting, portfolio construction of the state investment projects, and also adjustments of the approved (specified) parameters, selection, monitoring and assessment of implementation of the state investment projects.

2. To provide to development department of industries of economy and monitoring of investment projects of the Ministry of national economy of the Republic of Kazakhstan in the procedure established by the legislation of the Republic of Kazakhstan within five working days from the date of signing of this order its direction for placement in Reference control bank of regulatory legal acts of the Republic of Kazakhstan and on Internet resource of the Ministry of national economy of the Republic of Kazakhstan after its first official publication.

3. To impose control of execution of this order on the supervising vice-minister of national economy of the Republic of Kazakhstan.

4. This order becomes effective after ten calendar days after day of its first official publication and extends to the legal relationship which arose since January 1, 2025.

It is approved Bureau of national statistics of the Agency on strategic planning and reforms of the Republic of Kazakhstan

It is approved Ministry of Finance of the Republic of Kazakhstan

Approved by the Order of the Acting Minister of national economy of the Republic of Kazakhstan of June 28, 2025 No. 59

Rules of planning and implementation of the state investment projects, developments or adjustments, conducting necessary examinations of the investment offer, technical and economic and financial and economic reasons, determinations of feasibility of budget crediting, portfolio construction of the state investment projects, and also adjustments of the approved (specified) parameters, selection, monitoring and assessment of implementation of the state investment projects

Chapter 1. General provisions

1. These rules of planning and implementation of the state investment projects, developments or adjustments, conducting necessary examinations of the investment offer, technical and economic and financial and economic reasons, determinations of feasibility of budget crediting, portfolio construction of the state investment projects, and also adjustments of the approved (specified) parameters, selection, monitoring and assessment of implementation of the state investment projects (further – Rules) are developed according to Item 9 of Article 148, Item 9 of Article 149, Item 1 of Article 150, Item 6 of Article 152, Item 3 of Article 153, subitems 1) and 2) of Article 155 of the Budget code of the Republic of Kazakhstan (further – the Code) and determine procedure for planning and implementation of the state investment projects (further – GIP), developments or adjustments, conducting necessary examinations of the investment offer, technical and economic and financial and economic reasons, determination of feasibility of budget crediting, portfolio construction of GIP, and also adjustment of the approved (specified) parameters, selection, monitoring and assessment of realization of GIP.

2. In these rules the following concepts are used:

1) Special state fund – the control account of cash opened in the State Treasury according to the Code, for transfer of receipts of money and their expenditure for the purpose of financing of social, economic projects of the Republic of Kazakhstan, and also expenses of authorized body on return of illegally acquired assets according to the procedure, determined by the legislation of the Republic of Kazakhstan;

2) crucial objects – objects which emergency termination of activities can lead to emergence of emergency situations of global or regional scale, and also the nation-wide infrastructure facilities providing social and economic development of the centers of economic growth in the long term;

3) assessment (during economic examination) – the conclusions characterizing information provided in technical and economic or financial and economic reasons for the state investment project;

4) the administrator of budget programs (further – ABP) – the state body responsible for planning, reasons, realization and achievement of results of budget programs determined according to the functions assigned to it by the legislation of the Republic of Kazakhstan, powers and competences;

5) budget investments – financing from the republican or local budget, directed, on implementation of budget investment projects, budget investments, on investment costs of the autonomous organizations of education, and also on participation of the state in the authorized capital of subjects of the quasi-public sector;

6) financing sources on budget investments – means republican and/or local budgets, including borrowed funds, and also funds of Special state fund allocated for realization of budget investments;

7) economic effect of realization of budget investments – the indicators of direct and indirect economic effect expected from realization of budget investments, reflected in measure calculation of economic effect;

8) effectiveness of budget investments – availability of the proofs confirmed with calculations, cost and financial performance of budget investments by means of forming and (or) increase in the authorized capital of the legal entity, and also possibility of achievement of indicators of results, availability of performance indicators and quality. 9) feasibility of budget investments – reasons for economic feasibility of implementation of budget investments by means of forming and (or) increases in the authorized capital of the legal entity and implementation of budget investment projects, their influences on national economy and compliance of the project to provisions of documents of System of state planning, including development plans for state bodies or areas, the cities of republican value, the capital, development plans and (or) actions of subjects of the quasi-public sector;

10) the budget investment project (further – the PIP) – set of the actions directed to creation (construction) new or reconstruction of the available objects, and also creation and development of the objects of informatization realized at the expense of the budgetary funds during the certain period of time and having complete nature;

11) the economic conclusion according to the budget investment project – the conclusion of the central authorized body on budget policy or local authorized body on state planning regarding economic feasibility of implementation of the budget investment project, its influence on national economy and the compliance to documents of System of state planning prepared based on the conclusion of economic examination of the feasibility statement on the budget investment project;

12) monitoring of budget investment projects – set of actions for regular and systematic collection and information analysis about the course of creation (construction) new, reconstruction of the available objects from the moment of allocation of budgetary funds until commissioning;

13) assessment of implementation of budget investment projects – set of measures for determination of extent of goal achievement of the project and compliance of actually received results to planned from the moment of commissioning of the facility;

14) the specification on development or adjustment of the budget investment project – the document determining requirements to the feasibility statement on the budget investment project, qualification requirements to his potential developer, and also regulating terms and amount of works on development or adjustment of the feasibility statement on the budget investment project;

15) feasibility of the budget investment project – approachibility of indicators of project deliverables;

16) resource and infrastructure providing the budget investment project – the indicators characterizing the planned and reached level of need for resource and infrastructure security of the project;

17) economic examination of the feasibility statement on the budget investment project – complex assessment of information provided in the feasibility statement, regarding determination of feasibility and efficiency of the project, carried out based on the conclusion of industry examination and others, the conclusions of examinations required according to the legislation of the Republic of Kazakhstan;

18) efficiency of the budget investment project – approachibility of the best result with use of required amount of budgetary funds or goal achievement of the project with use of smaller amount of budgetary funds or receipt of positive economic effect of project implementation;

19) budget crediting – the process including procedures of decision making about provision, use, servicing and repayment of budget credit;

20) payback of the actions realized at the expense of budget credit – availability of the proofs confirmed with calculations, recoverability of budget credit and financial performance of the project;

21) Gant's chart – the chart used for illustration of graphical display of the sequence and duration of the project plan and the working schedule in time;

22) the autonomous organizations of education – the non-profit organization which does not have membership established by the Government of the Republic of Kazakhstan which legal status and particular legal regime of activities are determined by legal acts of the Republic of Kazakhstan;

23) indirect benefits (effects) – quantitative index of benefits which receivers are subjects, the population, suppliers of goods, works, services and the third parties indirectly connected with project implementation and (or) its results;

24) indirect costs – quantitative index of the costs exerting negative impact on subjects, the population, suppliers of the goods, works, services and the third parties indirectly connected with project implementation and (or) its results;

25) monitoring of budget investments by means of participation of the state in the authorized capital of legal entities – set of actions for regular and systematic information collection, accounting and the analysis of realization of budget investments by means of participation of the state in the authorized capital of the legal entities involved from the republican or local budget, by means of forming of the original authorized capital, acquisition of the block of shares (share) of legal entities until final realization of the specified actions;

26) assessment of budget investments by means of participation of the state in the authorized capital of legal entities – set of measures for determination of extent of goal achievement and compliance of actually received results to planned, carried out to the post-investment period in three years after completion of actions;

27) economic examination of financial and economic reasons for budget investments by means of participation of the state in the authorized capital of legal entities – complex assessment of information provided in financial and economic reasons, regarding compliance of actions to criteria of justification and effectiveness, carried out based on the conclusion of industry examination and required according to the budget legislation of the Republic of Kazakhstan of other conclusions of examinations;

28) the economic conclusion on budget investments by means of participation of the state in the authorized capital of legal entities – the conclusion of the central authorized body on budget policy or local authorized body on state planning regarding economic feasibility of implementation of budget investments, their influence on national economy and the compliance to documents of System of state planning prepared based on the conclusion of economic examination of financial and economic reasons for budget investments by means of participation of the state in the authorized capital of legal entities;

29) the purposes of development of the legal entity – implementation of actions, aimed at the development of industry, improvement of economic and social situation in industry which are not providing covering of the current losses of economic activity and financing of current expenses;

30) the receiver of budget investments by means of forming and (or) increase in the authorized capital of the legal entity (further – the Receiver) – the legal entity who is the final receiver of means for increase or forming of the authorized capital, realizing actions at the expense of budget investments;

31) justification of budget investments by means of forming and (or) increase in the authorized capital of the legal entity – availability of the proofs documented and (or) calculations, the amount of financing on implementation of actions, and also impossibility of financing of actions at the expense of own and borrowed funds.

On the budget investments planned to realization by means of increase in the authorized capital of national managing holding and (or) its affiliated and (or) dependent joint-stock companies, availability of proofs of impossibility of financing of actions at the expense of alternative sources is not required on condition of attraction from financing by market funding a minimum of the amount of budget investments for projects implementation in priority sectors of economy;

32) the feasibility statement on the investment project offered to financing at the expense of means of non-state loans under the state guarantee of the Republic of Kazakhstan (further – the feasibility study for the investment project) – the preproject documentation containing results of marketing, technical and technological, social and economic and ecological researches, and also the finance solutions proving efficiency of implementation of the investment project, decision on risks assessment of the investment project and measures for their decrease, and also for influence of the project on social and economic development of economy in general and industries in case of its realization;

33) economic examination of the feasibility study for the investment project – assessment of the economic and financial analysis given in the feasibility study for the investment project allowing to determine efficiency of project implementation;

34) the investment offer – the conceptual offer proving feasibility of implementation of the state investment projects within implementation of documents of System of state planning, reflecting the purpose of investment, way of its achievement and possible methods of financing, including set of the relevant activities, developed by administrators of budget programs;

35) information leaf of the investment offer – the document containing the main information on the state investment project, disclosing feasibility of its realization;

36) the economic conclusion on the investment offer – complex assessment of information provided in the investment offer, with use of the analysis of benefits and costs, carried out based on the conclusion of industry examination and other conclusions of the examinations required according to the budget legislation of the Republic of Kazakhstan;

37) subjects of the quasi-public sector – the state companies, limited liability partnerships, joint-stock companies, including National welfare fund, national managing holdings, national holdings, the national companies, founder, the participant or the shareholder of which is the state, and also the affiliated, dependent and other legal entities who are affiliated with them according to legal acts of the Republic of Kazakhstan, fund of social medical insurance, the non-profit organization providing conditions for activities of bodies, their organizations and members of the International financial center "Astana";

38) complex non-departmental examination – the examination of construction projects of objects (including industry and departmental examinations), which is carried out by the principle of "one window" according to the feasibility statements and the design estimates intended for construction of buildings and constructions, their complexes, engineering and transport communications according to the legislation of the Republic of Kazakhstan on architectural, town-planning and construction activities in the Republic of Kazakhstan;

39) the creditor – the party of the credit agreement granting budget credit according to the budget and civil legislation of the Republic of Kazakhstan;

40) participants (further – Participants) – the organizations participating in obtaining and distribution of budget investments by means of forming and (or) increase in the authorized capital of the legal entity;

41) participants of the financial scheme – the organizations participating in obtaining and distribution of budget credit except for of the final borrowers who are not subjects of the quasi-public sector;

42) the borrower – the party of the credit agreement obtaining budget credit or non-state loan under the state guarantee which incurs obligations on repayment of principal debt and payment of remuneration, and also other payments according to the credit agreement;

43) the financial agency – national managing holding and legal entities whose hundred percent of shares belong to national managing holding, and also bank or the organization with absolute participation of the state performing the separate types of banking activities authorized according to the legislation of the Republic of Kazakhstan on realization of the state investment policy in certain spheres of economy and performing for this purpose borrowings in the financial market of the Republic of Kazakhstan and (or) the international financial market;

44) financial and economic reasons for budget crediting for realization of the state investment policy by the financial agencies (further – FEO of budget credit) – documentation containing results marketing, socio-economic analysis, and also financial calculations, the proving paybacks and cost and social efficiency of implementation of actions by means of budget crediting;

45) financial and economic reasons (further – FEO) – the document containing data on feasibility, justification and result assessment from investment of budgetary funds in the authorized capital of legal entities;

46) adjustment of financial and economic reasons – change of the set financial and economic parameters of budget investments by means of participation of the state in the authorized capital of the legal entities attracting amendment and (or) change of actions, technical technology solutions, increase in the expenses provided on the approved actions;

47) component – the action component having complete nature;

48) the estimated cost of construction (further – estimated cost) – the money necessary for implementation of asset construction which amount is determined on the basis of project materials and the estimate regulatory base;

49) state (governmental, sovereign) guarantee of the Republic of Kazakhstan – the obligation of the Government of the Republic of Kazakhstan to the creditor fully or partially to repay the debt in case of failure to pay by the resident borrower the Republic of Kazakhstan the amount which is due from it at the scheduled time;

50) the legal entity determined by the Government of the Republic of Kazakhstan or local executive bodies – "Kazakhstan Center of Public-private Partnership" joint-stock company, according to the order of the Government of the Republic of Kazakhstan of July 17, 2008 No. 693 "About creation of the specialized organization for concession" or the legal entity determined by the decision of local executive body;

51) economic examination of financial and economic reasons for budget crediting for realization of the state investment policy by the financial agencies of the legal entity determined by the Government of the Republic of Kazakhstan or local executive bodies – complex assessment of information provided in financial and economic reasons regarding compliance of actions to criteria "cost and social efficiency of implementation of actions by means of budget crediting" and "payback of the actions realized at the expense of budget credit";

51-1) participants of the financial scheme – the legal entities participating in obtaining and distribution of the credit according to the construction project "turnkey" offered to financing by adoption of the state obligations according to the construction project "turnkey";

52) the marketing circle – set of active subjects and conditions in which activities of the legal entity are performed, being the final receiver of means for increase or forming of the authorized capital, realizing actions at the expense of budget investments, and influencing opportunities to establish and maintain the relations of successful cooperation with target clients;

53) documents of System of state planning – complete system where need and legitimacy of development of documents of subordinate level follow from the documents standing one level above, and monitoring and assessment of the documents standing one level above are performed on the basis of reliable information about implementation of documents of subordinate levels;

54) the project of public-private partnership – set of the consecutive actions for implementation of public-private partnership (further – PPP) realized during the limited period of time and having complete nature according to the Law of the Republic of Kazakhstan "About public-private partnership";

55) the state investment project – complex of the actions provided by the Budget code of the Republic of Kazakhstan, directed to creation and (or) development of assets, including creation new, expansion and (or) updating of the operating productions;

56) financing sources according to the state investment projects – means republican and/or local budgets, including government loans, loans of local executive bodies and non-state loans under the state guarantee granted subjects of the quasi-public sector, and also means of off-budget fund, National fund of the Republic of Kazakhstan, directed to implementation of the state investment projects;

57) non-state loan – loan in which as the borrower the resident of the Republic of Kazakhstan who is engaged in business activity including the subject of the quasi-public sector, except for the Governments of the Republic of Kazakhstan, National Bank of the Republic of Kazakhstan and local executive bodies acts;

58) budget investments by means of participation of the state in the authorized capital of subjects of the quasi-public sector – implementation of actions, directed to the purposes of development of the subject of the quasi-public sector by means of forming and (or) increases in its authorized capital;

59) multiplicative effect – influence on development of economy when implementing the state investment projects in the corresponding industry;

60) indicators of results – set of target indicators, the resulting effects characterizing activities of state body for implementation of the development plan for state body, actions plans or development plans for subjects of the quasi-public sector, development plans for area, city of republican value, the capital and (or) passports of budget programs;

61) product – the result of economic activity provided in material and material (material product) or non-material (intellectual product) form, or in work type and (or) services, including financial;

62) the conclusion of industry examination – assessment of the investment offer, technical and economic or financial and economic reasons for the state investment project regarding compliance to priorities of development of industry;

63) the industry conclusion of authorized body in the field of regulation of foreign trade activity – the conclusion of authorized body in the field of regulation of foreign trade activity regarding compliance to priorities of development of industry by means of provision of the state guarantee on export support, the relevant Export credit agency of Kazakhstan;

64) the feasibility statement (further – the feasibility study) – the document containing data on the main technical, technology and other solutions, and also results of studying of feasibility and efficiency of the budget investment project which is carried out on the basis of the economic analysis of benefits and costs with determination of the key technical and economic parameters;

65) adjustment of the feasibility statement – change of the set technical and economic parameters of the budget investment project involving change of technical solutions and additional expenses;

66) technical and economic parameters – the main indicators provided in the feasibility statement;

67) the final borrower – the final receiver of the budget credit granted to it by the specialized organization or the borrower on behalf of local executive body on the conditions determined by the creditor or the financial agency;

68) resulting effect – the indicator of the passport of the budget program which is qualitatively measuring goal achievement and (or) the target indicator of the development plan for state body, the development plan for area, the city of republican value, the capital and (or) the budget program within the provided budgetary funds;

68-1) construction project "turnkey" – set of the consecutive actions directed to creation and (or) development of assets, including creation new, expansion and (or) updating of the acting productions on the basis of the agreements on "turnkey" construction;

68-2) estimated cost of "turnkey" construction – the realization value of the construction project determined at preproject stage for holding competitive procedures and the conclusion of agreements on "turnkey" construction according to the legislation of the Republic of Kazakhstan. Estimated cost of "turnkey" construction is determined with use of the enlarged cost indexes of construction of buildings and constructions per unit of measurement of indicator of capacity of objects, the extent of linear construction and other technical characteristics considering functional purpose of the building, construction. If necessary the enlarged cost indexes of structural elements of buildings (constructions) and types (complexes) of works are applied (including the enlarged cost indexes on the basis of the design estimates of objects analogs);

68-3) financial closing according to the construction projects "turnkey" – the conclusion the supplier of agreements, contracts with physical persons or legal entities, their associations for attraction of the borrowed funds necessary for project implementation of "turnkey" construction during the investment period, and availability of receipt of financing on them;

68-4) borrower according to the construction project "turnkey" – the agreement party about "turnkey" construction with the state and the credit agreement obtaining the credit according to the construction project "turnkey" which incurs obligations on repayment of principal debt and payment of remuneration, and also other payments according to the credit agreement for the construction project "turnkey";

68-5) state obligations according to the construction projects "turnkey" – set of the rights and obligations of the customer and supplier on the amount allocated from the budget, for certain date assumed and unexecuted the customer of financial liabilities under the signed agreements on "turnkey" construction which are approved by the Republican budget commission or the budget commission of local executive body;

68-6) object according to the construction project "turnkey" – buildings and constructions which are created (including are designed and under construction) and (or) are reconstructed, put into operation within project implementation of "turnkey" construction and transferred to the customer, according to the agreement on "turnkey" construction;

68-7) supplier according to the construction projects "turnkey" – the legal entity acting as the customer's partner in the agreement signed with him including consortium;

69) projects of all-country value – the objects providing economic development at least two areas, the cities of republican value, the capital and also the objects directed to the decision at the scheduled time of tasks by one-time realization in scales of the country of homogeneous projects in certain industry;

70) action – complex of the interconnected component(s) directed to accomplishment of the tasks which are carried out within implementation of budget investments;

71) cost and social efficiency of implementation of actions by means of budget crediting – availability of the proofs confirmed with calculations, availability of social and economic benefits from the project planned to realization by means of budget crediting;

72) the state guarantee of the Republic of Kazakhstan on export support – the obligation of the Government of the Republic of Kazakhstan to Export credit agency of Kazakhstan in accordance with the terms of the agreement of guarantee on export support, fully or partially to repay its debt on insurance and warranty payments.

73) the conclusion of the central authorized body on state planning for provision state guarantees on export support (further – the conclusion) – the conclusion of the central authorized body on state planning regarding feasibility of provision of the state guarantee on export support (its influence on national economy and the compliance to strategic and (or) program documents prepared based on the positive industry conclusion of authorized body in the field of the state support of industrial and innovative activities) to Export credit agency of Kazakhstan.

Chapter 2. Procedure for planning and implementation of the state investment projects, except for the state investment projects of the special state bodies performing intelligence and counterintelligence activities, and also directed to financing of investment costs of the autonomous organizations of education

Paragraph 1. General provisions about the state investment projects

3. Planning of GIP is performed within implementation of documents of System of state planning, including development plans for state bodies or areas, cities of republican value, the capital, development plans and (or) actions of subjects of the quasi-public sector, and also long-term development strategies of the autonomous organizations of education.

Planning of GIP of the state bodies which are not developing development plans is performed within execution of regulations of legal acts of the Republic of Kazakhstan and (or) implementation of budget programs (subprogrammes).

4. GIP are subdivided into the following types:

1) budget investments;

2) projects of PPP;

3) the projects realized by subjects of the quasi-public sector at the expense of non-state loans under the state guarantees;

4) the projects realized at the expense of off-budget fund, National fund of the Republic of Kazakhstan according to Item 3 of article 59 of the Code;

5) budget crediting;

6) construction projects "turnkey".

5. GIP are subdivided on republican and local.

Criteria of determination of republican and local GIP are:

1) by the form property as republican or local depending on the arising property right (republican or utility) on the property received as a result of realization of GIP;

2) on receivers of benefits as republican if receivers of economic benefits are subjects of two and more areas, cities of republican value, the capital and as local if receivers of economic benefits are subjects of one area, city of republican value, the capital.

For determination of GIP as republican enough compliance their to one of the specified criteria.

Classification of local GIP on regional, the cities of republican value, the capital and district (the cities of regional value) is performed on the basis of the criteria provided by part two of this Item.

6. GIP can be directed on:

1) creation (construction) and reconstruction of objects which can be technically difficult and (or) unique, and technically simple and (or) standard, and also creation and development of objects of informatization;

2) institutional development of industry (industries), including creation new, expansion and (or) updating of the operating productions, by means of participation of the state in the authorized capital of legal entities, budget crediting for realization of the state investment policy, the state guarantee on the non-state loan granted the subject of the quasi-public sector, implementation of the construction projects "turnkey" by legal entities.

7. Methods of financing of GIP:

1) financing of the budget investment project, including at the expense of means of the state external loans and joint financing of external loans from the republican budget;

2) budget crediting;

3) participation of the state in the authorized capital of subjects of the quasi-public sector;

4) accomplishment of the state obligations on projects of PPP;

5) attraction of non-state loan by subjects of the quasi-public sector under the state guarantee.

6) financing or accomplishment of the state obligations according to the construction projects "turnkey".

8. Sources of financing of GIP are:

1) republican and local budget;

2) government loan, loans of local executive bodies and non-state loan under the state guarantee, to the presented subject of the quasi-public sector;

3) off-budget fund;

4) National fund of the Republic of Kazakhstan.

9. The basis for planning of GIP is the investment offer if other is not stipulated by the legislation the Republic of Kazakhstan about public-private partnership, and also the regulations on "turnkey" construction established by the budget legislation of the Republic of Kazakhstan.

10. Planning and realization of budget investments of the special state bodies performing intelligence and counterintelligence activities is performed by the special state bodies performing intelligence and counterintelligence activities in coordination with the central authorized body on budget policy and the central authorized body on budgetary planning.

11. Planning and realization of the budget investments directed to financing of investment costs of the autonomous organizations of education is performed by governing body of the autonomous organizations of education in coordination with the central authorized body on budget policy, the central authorized body on budgetary planning and the central authorized body on budget implementation.

12. Planning and realization of GIP providing creation and development of objects of informatization is performed by authorized body in the field of informatization in coordination with the central authorized body on budget policy and the central authorized body on budgetary planning.

13. GIP offered to financing at the expense of means of National fund of the Republic of Kazakhstan by acquisition of debt securities of National welfare fund are subject to consideration regarding availability of alternative sources of financing and examination according to the procedure, determined by the Government of the Republic of Kazakhstan.

Paragraph 2. Planning of the state investment projects

14. Planning of GIP is performed in four stages:

1) development and conducting examinations of investment offers;

2) development of documentation depending on specifics of the state investment project and conducting examinations on:

to the budget investment project according to which the investment offer with the subsequent development of the feasibility statement and (or) design estimates is developed;

to the budget investment project providing creation and development of objects of informatization on which the specification according to the legislation of the Republic of Kazakhstan on informatization is developed;

to the projects financed by the attracted government loans on which feasibility statements according to the legislation of the Republic of Kazakhstan on architectural, town-planning and construction activities are in case of need developed;

to non-state loan under the state guarantee on which the feasibility statement is developed;

to budget investments by means of participation of the state in the authorized capital of legal entities, to budget crediting for realization of the state investment policy by the financial agencies on which financial and economic reasons according to these rules are developed;

to the construction project "turnkey" the investment offer and the feasibility statement, except for case of reference of the construction project to the list of the projects which are not requiring development of the feasibility statement according to the legislation of the Republic of Kazakhstan on architectural, town-planning and construction activities are developed. If necessary instead of the feasibility statement the customer develops the specification and approves "turnkey" settlement construction cost;

to the construction project "turnkey", the quasi-public sector realized by subjects, the investment offer and financial and economic reasons with the feasibility statement, except for case of reference of the construction project to the list of the projects which are not requiring development of the feasibility statement according to the legislation of the Republic of Kazakhstan on architectural, town-planning and construction activities are provided. If necessary instead of the feasibility statement the customer develops the specification and approves "turnkey" settlement construction cost;

3) forming by the central authorized body on budget policy of portfolio of the state investment projects;

4) determination by the central authorized body on budgetary planning of the state investment projects on budget planning stage based on the selected offers administrators of budget programs.

15. The central authorized body on budget policy or local authorized body on state planning prepares the economic conclusion on the investment offer, provides conducting economic examination on the state investment project.

The central authorized body on budget policy or local authorized body on state planning involves the legal entity determined by the Government of the Republic of Kazakhstan or local executive body in economic examination of documentation of the state investment project.

16. The basis for inclusion in the budget statement of the state investment projects is availability:

projects as a part of the investment plan of state body;

the positive economic conclusion on the investment offer of the state investment project;

the positive conclusion of economic examination on documentation of the state investment project;

positive offer of the relevant budget commission.

The central authorized body on budgetary planning or local authorized body on state planning considers document package according to the state investment projects and submits the conclusion according to them for consideration of the relevant budget commission in the terms determined in regulations on the Republican and local budget commissions according to the subitem 17) of article 5 of the Code.

17. During the planning and implementation of the state investment projects the following requirements shall be observed:

the beginning of realization, terms and the amounts of financing of the state investment projects, and also terms of implementation and purchasing amounts shall correspond to the terms and the amounts of financing reflected in documentation approved in accordance with the established procedure;

construction activities are performed according to the legislation of the Republic of Kazakhstan on architectural, town-planning and construction activities;

the amount of financing of the state investment projects included in the budget statement which realization term more than one year, in the first year of realization cannot be lower than a third of its cost reflected in documentation approved in accordance with the established procedure, except for the construction projects "turnkey";

construction activities are performed according to the legislation of the Republic of Kazakhstan on architectural, town-planning and construction activities.

Chapter 3. Procedure for development or adjustment, conducting necessary examinations of the investment offer, feasibility statement, financial and economic reasons for the state investment project, portfolio construction of the state investment projects and selection of the state investment projects

Paragraph 1. Development or adjustment of the investment offer of the state investment project

18. Process of development, adjustment and consideration of investment offers of GIP represents the complex of actions containing the following main stages:

1) representation of ABP of investment offers in the central authorized body on budget policy or local authorized body on state planning;

2) consideration and preparation of the economic conclusion on the investment offer the central authorized body on budget policy or local authorized body on state planning.

19. Development of investment offers of GIP is performed by ABP according to form of Information leaf of the investment offer according to appendix 1, and also forms of Basic parameters of financial and economic model of the project and Measure calculation of economic effect of project implementation according to appendix 2 to these rules.

On homogeneous (same) GIP development of ABP of one investment offer is allowed.

20. Development of the investment offer on construction of new objects is performed using feasibility statements, standard projects and project (project and estimate) documentation from the national bank of construction projects created according to the legislation of the Republic of Kazakhstan on architectural, town-planning and construction activities.

According to the construction project "turnkey" if necessary instead of the feasibility statement the customer develops the specification and approves "turnkey" settlement construction cost.

According to the construction projects "turnkey" state bodies, public institutions, and also the state companies, legal entities, fifty and more percent of voting shares act as customers (share in the authorized capital) which belong to the state.

The construction projects "turnkey" are subdivided into the following types:

1) carrying out complex of the works on designing, purchases and to realization (construction and (or) reconstruction) assumed to financing at the expense of budgetary funds;

2) carrying out complex of the works on designing, purchases and to realization (construction and (or) reconstruction) assumed to financing at the expense of means of the supplier with the subsequent accomplishment of the state obligations till 15 years from the date of signing of the act of putting into operation of "turnkey" construction object.

21. For acceptance of executive and management decisions in budget process, including on prioritization of planning of GIP the Investment plan of state body or area, city of republican value, the capital is applied.

22. The state body develops the investment plan which is attached to:

to the development plan for the state body developing the development plan;

to passports of budget programs of the state body which is not developing the development plan for state body.

The local executive body of area, city of republican value, the capital develops the investment plan of area, city of republican value, the capital which is attached to the development plan for area, city of republican value, the capital.

23. The investment plan of state body or area, city of republican value, the capital is basis for development of the investment offer of GIP.

24. In priority procedure join in the investment plan of state body or area, city of republican value, the capital:

(proceeding) GIP begun in the previous financial years;

crucial objects;

projects of all-country value;

the construction of new objects performed using feasibility statements, standard projects and project (project and estimate) documentation from the national bank of construction projects created according to the legislation of the Republic of Kazakhstan on architectural, town-planning and construction activities.

The investment plan of state body is developed according to the procedure and in form according to the Technique of development, realization, carrying out monitoring and adjustment of the National development plan for the Republic of Kazakhstan, development plans for state bodies, development plans for areas, cities of republican value, the capital approved by the order of the Minister of national economy of the Republic of Kazakhstan of October 25, 2021 No. 93 (it is registered in the Register of state registration of regulatory legal acts for No. 24908).

Treat crucial objects:

1) objects which emergency termination of activities can lead to emergence of emergency situations of global or regional scale;

2) the nation-wide infrastructure facilities providing social and economic development of the centers of economic growth in the long term.

Treat projects of all-country value:

1) the objects providing economic development at least two areas, the cities of republican value, the capital;

2) the objects directed to the decision at the scheduled time of tasks by one-time realization in scales of the country of homogeneous projects in certain industry.

The procedure for reference of objects to crucial projects and projects of all-country value is determined according to appendix 3 to these rules.

25. Investment offers of GIP include the following documents:

1) information leaf of the investment offer on form according to appendix 1 to these rules;

2) conclusion of industry examination of the investment offer;

3) basic parameters of financial and economic model of the project and measure calculation of economic effect of project implementation in forms according to appendix 2 to these rules;

4) calculations and reasons for cost of GIP according to construction standard rates or commercial offers, except for the construction projects "turnkey";

5) the letter approval of the central authorized body in the field of work and employment of the investment offer confirming justification of data on quantity of the workplaces planned to creation within realization of GIP;

6) if the budget investment project does not require development of the feasibility study to the investment offer in addition the specification on designing is submitted;

6-1) if GIP is planned to realization the specification and the estimated cost of "turnkey" construction approved by the customer in addition are presented in the form of the construction project "turnkey" to the investment offer;

7) in case of adjustment of the feasibility study for BIP, FEO of Investments, the feasibility study or FEO of budget crediting:

the comparative table with indication of expected changes of technical solutions and (or) additional expenses according to the feasibility study the PIP or FEO of Investments, and also the PIP or FEO of Investments approved by the feasibility study (when implementing the Investments directed to creation (construction) new or reconstruction of the available objects, as a part of the approved FEO of Investments the approved feasibility study (developed according to these rules) or the approved design estimates (further – the design and estimate documentation) is submitted;

calculation reasons of cost of adjustment, and also conducting necessary examinations of the feasibility study the PIP or FEO of Investments, the feasibility study or FEO of budget crediting, by components and terms of their development;

if GIP is implemented in the territory of foreign states, the relevant documents confirming the initial and offered to adjustment GIP cost, approved according to the procedure, established by the legislation in the field of construction of that state in the territory of which this project is implemented with appendix of the text of the specified legislation and with ensuring its transfer into the Kazakh and (or) Russian languages are submitted;

the letter of complex non-departmental examination on feasibility of the expected made changes in project solutions of earlier approved feasibility study and (or) the design and estimate documentation of budget investments;

the explanatory note containing information on achievement or not achievement of the indicators specified in the approved feasibility study the PIP or FEO of Investment, the feasibility study or FEO of budget crediting including in case of complete development of the allocated budgetary funds with indication of not achievement reasons;

8) in case of acquisition by subjects of the quasi-public sector of assets, in particular shares of the authorized capital of legal entities, it is necessary to provide the conclusion of value assessment of these assets, prepared:

the independent estimative companies if the asset cost does not exceed 1 300 000 (one million three hundred thousand) monthly settlement indicators in current prices;

the international professional organizations of appraisers if the asset cost exceeds 1 300 000 (one million three hundred thousand) monthly settlement indicators in current prices;

9) if ABP is offered to realize GIP by increase in the authorized capital of the legal entity, the investment map of the subject of the quasi-public sector according to the investment projects realized, realized and planned to realization for the five-year period which is represented on the electronic medium in form according to appendix 4 to these rules in addition is submitted;

10) in case of forming of the authorized capital of the legal entity, more than 50% of shares (shares in the authorized capital) which directly or indirectly belong to the state, the decision of antimonopoly authority according to regulations of the Entrepreneurial code of the Republic of Kazakhstan in addition is submitted;

11) in case of unprofitability of the legal entity in the periods preceding the planned period the plan for financial and economic improvement of the legal entity approved by executive body of the legal entity is submitted;

12) in case of realization of the budget investments directed to completion of object of construction in progress the data on construction in progress condition confirmed with technical inspection and the conclusion of technical supervision in addition are represented.

25-1. According to the construction projects "turnkey" realized within the National project "Upgrade of Energy and Utility Sectors" (further – MEKS), in need of financing from the relevant budget develops the investment offer including the documents specified in subitems 1), 2) and 6-1) Items 25 of these rules, the conclusion of authorized bodies in the field of natural monopolies, the technical and financial operators determined by MEKS.

25-2. In case of belonging of the construction project "turnkey" to spheres of natural monopolies, the authorized body performing management in spheres of natural monopolies before development of ABP of the investment offer of GIP approves investing program of the subject of natural monopolies according to the Law of the Republic of Kazakhstan "About natural monopolies".

25-3. Following the results of development and passing of ABP of necessary examinations of financial and economic reasons, the authorized body performing management in spheres of natural monopolies sends ABP the guaranty letter about provision according to the construction project "turnkey" of the corresponding rate for the purpose of further holding competitive procedures for selection of the supplier.

25-4. According to the construction projects "turnkey" in the presence of objects of informatization assessment of the technology, technical solutions provided by the project including graphics of realization, is carried out including on compliance to requirements of the legislation on informatization. If the construction project "turnkey" provides creation of information systems, the authorized body in the field of informatization in case of approval of the project considers question of feasibility of adoption of the software in state-owned property.

25-5. According to the construction project "turnkey" industry expertize of the corresponding industry by authorized body is carried out. If the construction project "turnkey" affects the sphere of responsibility of several industry state bodies, the specified industry state bodies in addition provide the conclusions of the corresponding industry project appraisals of "turnkey" construction.

By results of industry project appraisal of "turnkey" construction by authorized bodies of the corresponding industry the industry conclusion is constituted.

By results of project appraisal of "turnkey" construction concerning feasibility, to realization terms, amounts, cost and the mechanism of realization, achievement of resulting effects according to the construction project "turnkey", the positive or negative industry conclusion is prepared.

26. Information leaf of the investment offer contains information on priorities of development of industry (sphere) of economy, the established documents of System of state planning, including development plans for state bodies or areas, cities of republican value, the capital, development plans and (or) actions of subjects of the quasi-public sector, general information on investment projects (project) and actions including their main indicators.

27. Information leaf of the investment offer contains:

1) data on ABP and GIP offered to realization;

2) retrospective (information on earlier allocated and mastered funds on GIP, including on the current programs);

3) marketing analysis of industry;

4) the general description of GIP assumed to realization;

5) institutional scheme of management of GIP;

6) social and ecological impact;

7) alternative options of realization of GIP by possible types and methods of financing.

28. The conclusion of industry examination of the investment offer contains assessment:

1) problems of current status of industry which influences its further development, and also comparative analysis of the services operating provided and offered;

2) expected multiplicative effect of realization of GIP on allied industries (spheres) of economy, including influence on replenishment of revenues of the budget, creation of permanent and temporary workplaces;

3) the alternative options considered in case of the choice of way of solving the problem with reasons for the choice of GIP as optimum way of its decision taking into account foreign experience;

4) justification of the expected institutional scheme of management of GIP (the main participants, the scheme of their interaction, distribution of benefits and costs of asset holders, the scheme of management of GIP in the investment and post-investment periods);

5) expected risks on the project (financial, operational, technical, credit, normative and legal, technological, marketing, market, commercial, ecological and social risks) and actions for their minimization;

6) GIP compliance to documents of System of state planning, including development plans for state bodies or areas, cities of republican value, the capital, development plans and (or) actions of subjects of the quasi-public sector;

7) justification of amount of GIP;

8) justification of the priority choice of the mechanism of realization of GIP depending on requirement of the state investments.

The industry conclusion on the investment offer of GIP is provided to ABP within 30 working days from the moment of introduction by subjects of the quasi-public sector of the documents specified in Item 25 of these rules.

29. If realization of GIP is offered at the expense of means of the republican budget, the conclusion of industry examination of the investment offer is provided by the central authorized body of the corresponding industry, in case of impossibility of reference of GIP to any certain industry, the industry conclusion is provided to ABP.

If GIP assumed to realization at the expense of means of the republican budget affects the sphere of responsibility of several industry central state bodies, the specified industry central state bodies in addition provide the conclusions of the corresponding industry examinations of GIP.

At the same time, the additional conclusions of industry examinations are provided by the relevant industry central state bodies signed by the first head or replacement his face, or person authorized separately on each GIP by the first head of state body only regarding impact assessment of realization of GIP on the supervising industry and compliance to industry priorities.

If realization of GIP, is offered at the expense of means of Special state fund, the conclusion of industry examination of the investment offer contains assessment of conformity to the criteria of social and economic projects determined by the Rules of selection and determination of criteria of social and economic projects approved by the order of the Minister of national economy of the Republic of Kazakhstan of September 20, 2023 No. 165 (it is registered in the Register of state registration of regulatory legal acts for No. 33441).

30. If realization of GIP is offered at the expense of funds of the local budget or target transfers for development and the credits from the higher budget, the conclusion of industry examination of the investment offer is provided by the industry local executive body financed from the local budget in case of impossibility of reference of ABP to any certain industry, the industry conclusion is provided to ABP.

If GIP assumed to realization at the expense of funds of the local budget or target transfers for development and the credits from the higher budget affects the sphere of responsibility of several industry local authorities, the specified industry local state bodies in addition provide the conclusions of the corresponding industry examinations of GIP.

31. Basic parameters of financial and economic model and measure calculation of economic effect of project implementation are represented in forms according to appendix 2 to these rules.

32. The investment offer of GIP, including the documents specified in Item 25 of these rules is drawn up in the procedure established by the legislation of the Republic of Kazakhstan for official documents.

The documents specified in subitems 1) and 2) of Item 25 of these rules are signed by the first head of state body – ABP either replacement his face, or the face authorized by the first head of state body – ABP.

33. ABP create and represent to the central authorized body on budget policy or local authorized body on state planning the investment offers of GIP including the documents specified in Item 25 of these rules by means of information system of state planning (further – ISGP).

34. In case of the direction of the investment offer of GIP for preparation of the economic conclusion to the central authorized body on budget policy or local authorized body on state planning, check on completeness of the submitted documents is performed by ISGP automatically.

Paragraph 1-1. Planning of the state investment projects assumed to financing of the construction projects "turnkey"

34-1. Planning of GIP assumed to financing of the construction projects "turnkey" (further – GIP on financing of "turnkey" construction) is performed based on the economic conclusion of the central authorized body on budget policy or local authorized body on state planning on the investment offer of GIP and the feasibility study, except for case of reference of the construction project to the list of the projects which are not requiring development of the feasibility study according to the legislation of the Republic of Kazakhstan on architectural, town-planning and construction activities or the specification and the approved settlement construction cost.

34-2. Development and conducting necessary examinations of the investment offer of GIP is performed according to paragraphs 1 and 2 of Chapter 3 of these rules.

34-3. Development and conducting necessary examinations of the feasibility statement is performed according to paragraphs 3 and 4 of Chapter 3 of these rules.

34-4. Availability of the positive economic conclusions on the investment offer of GIP and the feasibility study, except for case of reference of the construction project to the list of the projects which are not requiring development of the feasibility study according to the legislation of the Republic of Kazakhstan on architectural, town-planning and construction activities is the basis for inclusion of GIP on financing of "turnkey" construction in the Portfolio of GIP created according to Item 3 of article 149 of the Code.

34-5. Planning of GIP on financing of "turnkey" construction is performed without application of limits of the state agreement obligations about "turnkey" construction of the Government of the Republic of Kazakhstan and local executive bodies.

34-6. The project definition of "turnkey" construction for inclusion in the draft of the relevant budget and removal at consideration of the relevant budget commission is performed by the central authorized body on budgetary planning or local authorized body on state planning based on GIP portfolio.

34-7. Competitive procedures for selection of the supplier are performed according to article 19 of the Law of the Republic of Kazakhstan "About public procurements", article 10-2 of the Law of the Republic of Kazakhstan "About the housing relations", the Law of the Republic of Kazakhstan "About purchases of certain subjects of the quasi-public sector" depending on specifics of the project.

34-8. According to the construction projects "turnkey" according to which ABP is customer the agreement on "turnkey" construction is signed between ABP and the supplier.

Paragraph 1-2. Planning of the state investment projects with financing method accomplishment of the state obligations according to the construction projects "turnkey"

34-9. With adoption of the state obligations treat exclusive signs of the construction project "turnkey":

1) creation of the relations of state body, subjects of the quasi-public sector and the supplier by the conclusion of the agreement on "turnkey" construction;

2) the maximum term of adoption of the state obligations according to the construction projects "turnkey" up to 15 years depending on features of the construction project "turnkey";

3) implementation of investments by the supplier for project implementation of "turnkey" construction and adoption of the state obligations according to the construction projects "turnkey" with payment of investment costs and operating expenses (if necessary);

4) availability of the investment period, including including design stages, constructions, putting into operation of object according to the construction project "turnkey".

Putting into operation includes input of object according to the construction project "turnkey" in operation by approval of object by the customer of the acceptance act in operation and registration in non-commercial joint-stock company "The Government for Citizens state corporation.

34-10. Project planning of "turnkey" construction with adoption of the state obligations is performed in the presence of the economic conclusion of the central authorized body on budget policy or local authorized body on state planning on the investment offer of GIP on feasibility of project implementation of "turnkey" construction with adoption of the state obligations, according to the positive industry conclusion of ABP and others the conclusion and examinations, and also the provided documents, according to Item 25 of these rules depending on specifics of the project.

34-11. Development and conducting necessary examinations of technical and economic and financial and economic reasons is performed according to paragraphs 4, of 5, of the 10 and 11 Chapter 3 of these rules.

34-12. Adoption of the state obligations according to the construction projects "turnkey" by the Government of the Republic of Kazakhstan and local executive bodies is performed according to the budget legislation of the Republic of Kazakhstan, the legislation of the Republic of Kazakhstan on architectural, town-planning and construction activities and the legislation of the Republic of Kazakhstan on public procurements.

34-13. Amounts of the assumed state obligations according to the construction projects "turnkey" the Government of the Republic of Kazakhstan and local executive bodies are limited to limits of the state obligations of the construction projects "turnkey" of the Government of the Republic of Kazakhstan and the relevant local executive bodies.

Limits of the state obligations of the construction projects "turnkey" of the Government of the Republic of Kazakhstan and local executive bodies affirm the law on the republican budget.

The technique of determination of limits of the state obligations of the construction projects "turnkey" of the Government of the Republic of Kazakhstan and local executive bodies affirms the central authorized body on budget policy.

34-14. Adoption of the state obligations according to the construction projects "turnkey" shall be approved by the Republican budget commission or the budget commission of local executive body to the announcement of competitive procedures for selection of the supplier.

34-15. Adoption of the state obligations according to the construction projects "turnkey" is performed by agreement signature about "turnkey" construction.

The state obligations according to the construction projects "turnkey" are subject to registration according to each separate construction project "turnkey" within the amounts and terms established by the agreement and cannot be reviewed towards increase in obligations of the state according to the decision of the relevant budget commission or the decision of maslikhat.

Adoption of the state obligations according to the construction projects "turnkey" by the Government of the Republic of Kazakhstan is performed according to article 147-1 of the Code.

34-16. In case of lack of the state obligations according to the construction project "turnkey", removal at consideration of the relevant budget commissions of question of adoption of the state obligations on the construction project "turnkey" is not required.

Lack of the state obligations according to the construction project "turnkey" is confirmed by the central authorized body on budget policy or local authorized body on state planning with execution of the corresponding letter.

34-17. Agreements on "turnkey" construction become effective after their registration by the State Treasury or bodies of the State Treasury according to the procedure, determined by the central authorized body by budget implementation.

The amount of the agreement on "turnkey" construction cannot be reviewed towards increase in obligations of the state.

34-18. The amount of financing of the construction projects "turnkey" and obligation fulfillment of the state according to the construction projects "turnkey" directed to compensation of investment expenses according to the construction projects "turnkey" cannot exceed construction cost and (or) reconstruction of "turnkey" construction object.

Means of the loan attracted under obligations of the state according to the construction project "turnkey" are used on creation (reconstruction) of objects according to the construction project "turnkey".

To calculation for execution of the state obligations for the construction projects "turnkey" the base rate established by National Bank of the Republic of Kazakhstan + (plus) 2 (two) percent points on the date of submission of the bid is accepted.

The maximum permissible size of internal return rate (IRR) according to the construction project "turnkey" is equal to discount rate + (plus) 3 (three) percent points for the construction projects "turnkey" in which cost recovery and receipt of the income by the supplier are provided with payments for the state obligations.

34-19. In case of project planning of "turnkey" construction separation of the periods of one project into several construction projects "turnkey" is not allowed.

Authorized persons / the Customer provide integrated approach to forming of technical, finance, legal solutions according to the construction project "turnkey".

34-20. Competitive procedures for selection of the supplier are performed according to article 19 of the Law of the Republic of Kazakhstan "About public procurements", article 10-2 of the Law of the Republic of Kazakhstan "About the housing relations", the Law of the Republic of Kazakhstan "About purchases of certain subjects of the quasi-public sector" depending on specifics of the project.

34-21. The agreement on "turnkey" construction is signed between ABP, the customer and the supplier in case of adoption of the state obligations according to the construction projects "turnkey" realized within MEKS or on which customer is the subject of natural monopoly with the state participation or the subject of the quasi-public sector.

34-22. When financing the construction projects "turnkey" step-by-step (potranshevy) financing of the supplier is recommended.

34-23. Originals of the agreement on "turnkey" construction are stored in the structural division of ABP responsible for storage, in the specially allotted safe.

Paragraph 1-3. Cost determination of the construction project "turnkey" for adoption of the state obligations

34-24. Cost determination of the construction project "turnkey" for adoption of the state obligations, including attraction of loans is performed with observance of single requirements to calculation of cost of creation of the object for the construction projects "turnkey" offered to financing at the expense of means of the supplier, investment and/or operating costs, and also the expected amount of the cost recovery and receipt of the income according to the construction project "turnkey" offered to financing at the expense of means of the supplier.

34-25. The cost of creation of the object according to the construction projects "turnkey" offered to financing at the expense of means of the supplier is determined as the amount of investments calculated according to "turnkey" settlement construction cost.

34-26. Calculation of the expected amount of the adoption of obligations for the construction project "turnkey" offered to financing at the expense of means of the supplier is made with use of financial and economic model.

34-27. In case of development of financial and economic model the assumption is used that:

1) the project is performed in case of absence/availability of the state support;

2) the project is financed from commercial sources on market value of borrowing (interest rate) or with preferential borrowing;

3) measures of financial support.

Within financial and economic model net present value of the project is calculated (further – basic NPV).

If basic the NPV project it is negative, the expanded financial and economic model by inclusion in basic financial and economic model of cost recovery of the supplier and receipt of the income with observance of provisions of the legislation on "turnkey" construction, the set limits of the state obligations of the construction projects "turnkey", ratio of benefits and costs, the institutional scheme and other features of the construction project "turnkey" for the purpose of ensuring commercial effectiveness of the construction project "turnkey" is developed.

34-28. The maximum permissible size of internal return rate (IRR) according to the construction project "turnkey" is equal to discount rate + (plus) 3 (three) percent points for the construction projects "turnkey" in which cost recovery and receipt of the income by the supplier are provided with payments for the state obligations.

34-29. On planning stages of the construction project "turnkey" offered to financing at the expense of means of the supplier, the expected amount of investments during creation of "turnkey" construction object it is determined as the amount of all expenses of the supplier by the following formula:

 where

I – the expected amount of investments during creation of "turnkey" construction object;

t – period (year) of creation of "turnkey" construction object;

n – duration of creation of "turnkey" construction object;

Ct – the total size of all costs of the supplier for creation of "turnkey" construction object in the period of t;

   where:

1) by Ct smr – expenses in the period of t on creation of "turnkey" construction object are determined according to the Rules of cost determination of construction of facilities due to the state investments and means of subjects of the quasi-public sector approved by the order of the Minister of national economy of the Republic of Kazakhstan of November 20, 2015 No. 707 (it is registered in the Register of state registration of regulatory legal acts for No. 12527);

2) Ct возн – expenses in the period of t on the remunerations determined according to the following formula:

  where:

Rt loan – the charged remunerations on the attracted loans, calculated at base rate of National Bank of the Republic of Kazakhstan + (plus) 2 (two) percent points.

In case of attraction of the foreign capital – expenses on payment of remunerations are calculated taking into account EURIBOR rate (European Interbank Offered Rate - the European interbank offered rate - average interest rate for the interbank credits granted in euro, further – Euribor) + (plus) 2 (two) percent points.

Rt облиг – the charged remunerations on infrastructure bonds (in need of their release) during creation of "turnkey" construction object which are determined as the rate of inflation (consumer prices) predicted in financial and economic model at the time of calculations according to the corresponding approved forecast of social and economic development and budget parameters placed on official Internet resource of the Ministry of national economy of the Republic of Kazakhstan (http://economy.gov.kz), and the fixed margin operating throughout all circulation period of bonds;

Szayav – expenses on consideration of the credit request;

3) Ct fear – expenses in the period of t on all types of insurance connected with creation of "turnkey" construction object;

Designate 4) to Ct – the other expenses in the period of t determined according to the following formula:

  where:

Ct привл – expenses on attraction of loans which are determined as average rates for services of participating banks of the Agreement of KASE (the official listing of Kazakhstan stock exchange joint-stock company) on forming of the KazPrime indicator (the KazPrime indicator reflects average value at the rates of placement of money in the Kazakhstan market of interbank deposits). Rates are public information and are placed on Internet resources of the relevant financial organizations;

Ct облиг – the organization of release of infrastructure bonds (in need of their release), according to market prices of the corresponding services in results of inspection of the market;

Ct lump – paid banking services and the commission on bank guarantees, according to market prices of services of bank guaranteeing by results of inspection of the market of services of bank guaranteeing;

Ct of persons – receipt of the licenses, patents, permissions and documents provided according to the current legislation prior to operation of "turnkey" construction object;

Ct бюд – the mandatory fees and payments levied by authorized state bodies;

Ct miss – audit inspections, according to price offers of audit companies.

34-30. Obligation fulfillment of the state on payment of investment costs is performed after input of "turnkey" construction object, from the date of approval of the act of commissioning of "turnkey" construction object and registration in non-commercial joint-stock company "The Government for Citizens state corporation.

At the same time postponement of payments of obligations of the state for payments of the investment costs established by the agreement on "turnkey" construction for earlier periods is not allowed.

34-31. When calculating the expected size of operating costs for the construction project "turnkey" the following groups of operating costs are considered:

1) the costs connected with commissioning of "turnkey" construction object, training for work at the unique equipment by transfer of object to operation;

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info