Kazakhstan ratifies lease deal for US consulate raising in its Almaty

TheCyprus


ASTANA, Kazakhstan, March 26. The members of
the Majilis have given the green light to the intergovernmental
Kazakhstan-U.S. Agreement, paving the way for the U.S. Government
to lease land for its consular office in Almaty, Trend reports.

“The provisions of the agreement define the procedures and
conditions for the land lease. The area of the land is 70,593
square meters, with a lease term of 49 years. The rent is set at
$25.3 million and must be paid in a lump sum within 30 calendar
days from the date the document enters into force,” the Majilis
press service said in a statement.

It was also highlighted that, as per the Agreement, the U.S.
Government is off the hook for paying taxes and other fees tied to
the land and consular building, save for the rent.

“At the same time, the U.S. Government is obliged to pay for all
expenses incurred related to the construction of the consular
building, its maintenance and repair, as well as the payment of
utilities in accordance with the applicable regulations and tariffs
in Kazakhstan,” the statement reads further.




The general contractor will be a U.S. contractor, who may use
materials, supplies, and goods produced in the U.S. for the
construction and furnishing of the building. These will be exempt
from customs duties, import taxes, and permit requirements.

The instrument was executed on the 27th of September, 2024,
within the jurisdiction of New York City.

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