China-led AIIB to invest in Tajik, Kazakh projects

By bne IntelliNews April 20, 2016

The China-led Asian Infrastructure Investment Bank (AIIB) will help fund an expressway running from Tajikistan’s capital to the border with Uzbekistan and a ring road in Almaty, Kazakhstan, the Financial Times reported on April 19.

China became a stakeholder in the European Bank for Reconstruction and Development (EBRD) earlier this year and the AIIB will supplement funds to EBRD-funded projects in Central Asia. China has been investing heavily in Central Asian infrastructure in the past few years and the bank’s involvement in these projects is in line with the Chinese government’s wider efforts.

“In Tajikistan the AIIB will join the ADB and EBRD in helping fund a road between the country’s capital, Dushanbe, and Tursunzoda on the Uzbekistan border,” the Financial Times said, adding that “the AIIB is expected to help fund is the Bakad Ring Road, a joint World Bank-EBRD project in Kazakhstan’s commercial capital, Almaty”.

These projects will “receive preliminary approval from the AIIB’s investment committee before the end of this month”, the Financial Times said, citing “two people familiar with the process, followed by a formal go-ahead from the bank’s board in June”.

China and dozens of Asian and European countries formally launched the $100bn AIIB in January.

Related Articles

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Kazakhstan begins new trial of businessman charged with attempted coup d’etat

A new trial of Kazakh businessman Tokhtar Tuleshov began on July 13, in which he ... more

Kazakhstan signs law preventing “ordinary” Kazakhs from running for office

Kazakh President Nursultan Nazarbayev signed into law on July 11 a measure allowing only Kazakh citizens with at least five years of experience at government posts to register ... more