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China to invest $3 billion into Kyrgyzstan’s economy

September 11, 2013, 11:50 UTC+3
Chinese investors expressed readiness to allocate $386 million into reconstruction of a thermal power plant in Bishkek
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BISHKEK, September 11 (Itar-Tass) - China is set to invest around $3 billion into Kyrgyzstan’s different projects, Kyrgyz Economy Minister Temir Sariyev said after talks between the two countries’ presidents Almazbek Atambayev and Xi Jinping on Wednesday.

Chinese investors expressed readiness to inject $386 million into reconstruction of a thermal power plant in Bishkek and another $400 million into construction of the Balykchi-Jalal-Abad highway to connect northern and southern regions of the Central Asian republic.

“Another $1.4 billion will be invested into the construction of a Kyrgyz section of the Turkmenistan-Uzbekistan-Tajikistan-Kyrgyzstan-China gas pipeline,” Sariyev said adding that the two countries had no problems building their relations on the principles of equality. “The Chinese side is also eyeing its possible participation in the project to create a civil aviation hub at Manas International Airport.”

During Chinese President Xi Jinping’s visit to Bishkek the two countries signed several economic agreements. Moreover, China will invest funds into the construction of a refinery with annual throughput of 8,000 tonnes and allocate several million dollars to support Kyrgyzstan’s economy.

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