DUSHANBE, May 30, Asia-Plus — Enterprises and organizations in Tajikistan have drafted more than 80 investment projects aimed at enhancement of the country’s industrial sector. A total cost of these projects is more than US$500 million.
Sayfullo Musofirov, head of the investment department of the Ministry of Industry, has told Asia-Plus that Russian and Chinese investors already showed interest in funding some of those projects.
According to him, the Chinese side has already considered four projects worked out by the Ministry of Industry and appropriate documents on providing a long-term loan for the implementation of those project is supposed to be signed in near future. At the same time, Mr. Musofirov refrained from giving further details on these four projects.
“I mean a part of preferential loan of US$900 million, which China is providing to member nations of the Shanghai Cooperation Organization (SCO),” Musofirov said.
Musofirov says those 80 investment projects include the establishment of an enterprise on producing antimony on the basis of the open joint-stock company “Tamokhush-IGMZ” in Sughd (the project cost is US$10 million), the construction of mini metallurgical plant on the basis of the “Tekstilmash” plant in Dushanbe (US$15.9 million), production of electronic and home electrical appliances at the open joint-stock company “Elto” in Dushanbe (US$2 million), production of small- and medium-class buses at the joint venture “Khujand-ZIL” in Khujand (US$19 million), resumption of production of transformers at the Qurghon Teppa transformer-producing plant (US$3.1 million), and so forth.
According to Musofirov, at present some 90 percent of industrial enterprises in Tajikistan need reconstruction and modernization.
