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EBRD commits €333 million to support infrastructure upgrades in Uzbekistan

TASHKENT (TCA) — Following the adoption of a new country strategy for Uzbekistan, the European Bank for Reconstruction and Development (EBRD) is providing funds for the development of sustainable solutions for the municipal and power infrastructure sectors in the country, the Bank said on October 16. Continue reading

Japan’s Mitsubishi Corporation interested in Kazakhstan infrastructure projects

ASTANA (TCA) — A project to create a multimodal hub on the basis of the International Airport in Astana was presented to Mitsubishi Corporation during a meeting in Astana last week between Toru Yasuda, director of Mitsubishi Corporation branch in Kazakhstan, and Alzhan Braliyev, director of Kazakh Invest office in Astana. The meeting was also attended by representatives of Astana Invest city center for development of investment and Astana Technopolis special economic zone management company, Kazakh Invest national investment support and promotion company reported on its website. Continue reading

Tajikistan starts construction of new Parliament and Government buildings with China funding

DUSHANBE (TCA) — President of Tajikistan Emomali Rahmon and Premier of the State Council of the People's Republic of China Li Keqiang took part in ceremonies to lay the foundation stone to the new buildings of Parliament and Government of Tajikistan on October 13 in Dushanbe, the Tajik presidential press service reported. The Chinese Premier was on a visit to Tajikistan to take part in the 17th meeting of the Council of Heads of Government of the Shanghai Cooperation Organization (SCO) member states. The construction of the Parliament and Government complex in Dushanbe will be carried out through a grant financial support of China in the amount of 1.5 billion yuans. After the ceremonies, Rahmon and Li Keqiang became familiar with the projects. The main building of the parliamentary complex will be 49.7 meters in height and its total area will be 42,874 square meters. The Governmental complex will consist of one 15-storey building and two 13-storey buildings and its total area will be 10.27 hectares. It will be built in accordance with modern requirements and national architectural style. It was Li's first visit to Tajikistan. He described the China-Tajikistan friendship as one that has spanned more than a thousand years in a signed article published in a mainstream Tajik newspaper, China’s Xinhua news agency reported. A Chinese-built thermal power station is now supplying stable electricity to the Tajik capital Dushanbe. President Rahmon told Li in their meeting that Tajikistan appreciates China's support and assistance to its economic and social development and is willing to enhance cooperation with China in areas of transportation, agriculture, energy, and infrastructure construction.

Risky business: A case study of PRC investment in Tajikistan and Kyrgyzstan

BISHKEK (TCA) — China is increasing its economic presence in Central Asia, with Kyrgyzstan and Tajikistan being particularly dependent on Chinese loans and infrastructure investment. We are republishing this article on the issue, written by Danny Anderson, originally published by The Jamestown Foundation’s China Brief: Continue reading

ADB to provide over $300 million to Tajikistan in 2019–2021

DUSHANBE (TCA) — Asian Development Bank (ADB) Vice-President Mr. Wencai Zhang on August 13 met with the Prime Minister of Tajikistan Mr. Kohir Rasulzoda, First Deputy Prime Minister and ADB Governor Mr. Davlatali Said, Economic Development and Trade Minister and ADB Alternate Governor Mr. Nematullo Khikmatullozoda and other senior government officials in Dushanbe. Mr. Zhang reiterated ADB’s support to Tajikistan’s development agenda, as the country strives to achieve inclusive and sustainable growth. Continue reading

World Bank, Afghanistan sign grant agreements for reforms worth $350 million

KABUL (TCA) — Mohammad Humayon Qayoumi, Afghanistan’s acting Minister of Finance, and Shubham Chaudhuri, World Bank Country Director for Afghanistan, on July 30 signed a new package of grant agreements in support of reforms valued at $350 million. Continue reading