China expected to invest in infrastructure development projects in Central Asia

Eurasianet reports that China is moving forward with a variety of investment and infrastructure projects in Central Asia designed to boost exports to the region and beyond. In Uzbekistan, Chinese executives are reportedly seeking to tighten their grip on the electric vehicle market. The Chinese firm Henan Suda signed a deal earlier in December with […]

Asia-Plus

Eurasianet reports that China is moving forward with a variety of investment and infrastructure projects in Central Asia designed to boost exports to the region and beyond.

In Uzbekistan, Chinese executives are reportedly seeking to tighten their grip on the electric vehicle market. The Chinese firm Henan Suda signed a deal earlier in December with Uzbekistan’s Energy Ministry to build upwards of 50,000 electric vehicle charging stations around the country by 2033.  Already in 2024, 2,500 charging stations are to be constructed.  Over the first ten months of last year, China reportedly exported over 20,000 electric vehicles to Uzbekistan.

Elsewhere, the Kyrgyz government has signed off on a US$700-million project to build a trade hub in Kyrgyzstan’s Chui region.  The project, to be overseen by an entity called Kyrgyz-Chinese Investment Holding Co., is envisioned as including a trade complex, exhibition center, warehouses and bonded trade zones, as well as housing and hotels.

In a separate development, Bakyt Torobayev, the deputy chair of Kyrgyzstan’s cabinet, announced that a new border checkpoint along the Chinese border, called Bedel, is to be built in 2024, as well as a four-lane bridge at the existing Irkeshtam border checkpoint, the Sputnik outlet reports.

Meanwhile in Kazakhstan, a Chinese company, Gezhouba Group Cement Co., Ltd., has signed an agreement worth US$220 million to build a cement plant in the Almaty region.  

In addition, China is mulling a 110 million-euro investment in a major hospital project.  The European Bank for Reconstruction and Development (EBRD) is considering a similar investment in the project, the Kursiv media outlet reports. The planned hospital would have 630 beds and be situated in Kokshetau, a regional center in northern Kazakhstan.  The total cost of construction is estimated to be 467 million euros.

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