Arab Today, arab today china lends 300m to build strategic road in kyrgyzstan
Last Updated : GMT 05:19:39
Arab Today, arab today
Arab Today, arab today

China lends $300m to build strategic road in Kyrgyzstan

Arab Today, arab today

Arab Today, arab today China lends $300m to build strategic road in Kyrgyzstan

A truck is driven along a road near the Kumtor gold mine
Bishkek - AFP

China will provide nearly $300 million in credit to help Kyrgyzstan build a strategic road for trade, the ex-Soviet state said Tuesday, as part of Beijing's grand vision to improve transport links across the region.

The allocation from state-run Export-Import bank is part of an $850-million project to create a new North-South route in the Central Asian nation, tying in with China's New Silk Road Economic Belt infrastructure projects across Eurasia.

An agreement for the latest phase of construction of the road, which will connect with Kyrgyz roads into Kazakhstan and Tajikistan, was struck at the third cooperation forum between China and the five ex-communist states of Central Asia in the Chinese city of Rizhao on Tuesday.

In a government press release Deputy Prime Minister Valery Dil, who attended the forum, said Kyrgyzstan "is ready to make all efforts to deepen and consolidate relations" with China.

"We support the initiative of the President of China to establish the Silk Road Economic Belt and are ready to take an active part in the implementation of this large-scale project," Dil added.

China's economic influence in Central Asia has grown tremendously in the last decade, surpassing its traditional partner Russia in regional trade and encompassing deals worth tens of billions of dollars with energy-rich Kazakhstan, Turkmenistan and Uzbekistan.

In the resource-poor countries of the region China is a key creditor, accounting for around a third of Kyrgyzstan's foreign debt and over two-fifths of sovereign dues in neighbouring Tajikistan, where Beijing is also building major transport links.

Since the mid-1990s China has pledged to build a railway up to 300 kilometres-long linking its restive western Xinjiang region to Uzbekistan via Kyrgyzstan.

The railway, which would cost over $2 billion is opposed by many in Kyrgyzstan, who argue it could lead to overhelming migration from the country's 1.3 billion-strong neighbour and add to growing dependence on Beijing.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china lends 300m to build strategic road in kyrgyzstan Arab Today, arab today china lends 300m to build strategic road in kyrgyzstan

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china lends 300m to build strategic road in kyrgyzstan Arab Today, arab today china lends 300m to build strategic road in kyrgyzstan

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday