DUSHANBE, July 8, 2016, Asia-Plus – A Chinese company is ready to invest in development of urban infrastructure in Tajikistan.
Senior representatives of China’s Yunnan Construction Investment Group met with Sughd Governor Abdurahmon Qodiri in Khujand this week.
During the meeting, representatives of Yunnan Construction Investment Group, in particular, noted that the Group’s capital is now equal to 26 billion U.S. dollars and the Group has 8 billion U.S. dollars for investment.
Qodiri, for his part, briefed Chinese entrepreneurs on Tajikistan’s investment opportunities. Entrepreneurs could invest in construction of buildings and infrastructure in a new modern city of Saihun, construction of a railway bridge across the river in Khujand, construction of hotels, combines heat and power plants and several small hydropower plants in Sughd, the governor.
Besides, they could also invest in construction of a modern solid waste treatment facility in the area, the governor added.
Qodiri also outlined tourism as an area for investment.
For their part, representatives of Yunnan Construction Investment Group noted that the Group could invest in development of urban infrastructure and construction of roads and power plants.
While in Sughd, Chinese entrepreneurs also visited the site for construction of a new modern city in the Bobojonghafourov district.
We will recall that President Emomali Rahmon last year laid the cornerstone of a new modern city in the Somghor area of the Bobojongahfourov district.
This city for more than 40,000 families or some 250,000 people, named Saihun after a nearby river, is being built on a 14,000-hectare desert land.
The new city will have 19 residential areas, some 50 schools, 40 sports centers, and numerous shopping centers and bazaars, the president’s official website says, noting that a total of 1,000 hectares of the desert around the city will be turned into orchards.
Yunnan Construction Investment Group, formally known as Yunnan Urban Construction Investment Co., ltd. was established on April 28, 2005. It is a Limited liability company, funded by Yunnan Provincial Development and Investment Corporation. Yunnan Province Government adjusted the ownership equity from Yunnan Province Investment Holding Group Co. Ltd to government owned and authorized Yunnan SASAC(State-owned Assets Supervision and Administration Commission)to exercise the rights and interests of capital. After the equity change, Yunnan province SASAC now holds 86.21% stake in the company and Yunnan Construction Engineering Group Co., Ltd holds 13.79% stake in the company.
