Uzbekistan has proposed establishing a joint venture that would be responsible for the construction and management of the China-Kyrgyzstan-Uzbekistan (CKU) railway, Railway Supply reported on March 13.
Both Beijing and Bishkek reportedly support this initiative from Tashkent.
There remain concerns, however, that raising the finance for the multi-billion-dollar rail line—which would require scores of expensive-to-deliver tunnels and bridges through mountainous territory in Kyrgyzstan and China—may remain out of reach, especially given China’s diminishing commitment to foreign direct investment (FDI) in Central Asia amid its economic difficulties.
Kyrgyzstan had planned to commence construction of its section of the railway in Autumn 2023, but, with financing still in question, the plan fell through.
Related Articles
Japan’s Eneos pivots investment from hydrogen to LNG
Japanese energy company Eneos Holdings will shift investment from hydrogen and sustainable aviation fuel (SAF) to LNG, Reuters reported on May 12. As part of its new three-year business ... more
Chinese coffee delegation to tour Uganda amid soaring exports
A Chinese coffee industry delegation will visit Uganda later this month for a national origin tour, Uganda’s Ambassador to China, Oliver Wonekha, announced on May 3 during the 137th China Import ... more
Iranian methanol exports to China under threat
Iran’s methanol exports to China are under threat following warnings from the US of yet more sanctions on Iranian oil and petrochemical buyers amid nuclear talks, according to Bloomberg. ... more
Most Read
-
Armenia courts African countries to supply diamond industry
27 days ago
-
Russia’s Alrosa finds its largest diamond ever, as Mirny mining operations restart
11 days ago
-
COMMENT: Embracing “Greater Central Asia” has become a strategic imperative for US
21 days ago
-
From blood diamonds to critical minerals: Sierra Leone’s mining transformation
28 days ago