seeks $3 bln in loans from China
DUSHANBE, Nov 13 - Central Asia's poorest nation Tajikistan is seeking $3 billion in loans from neighboring China to
build hydroelectric power stations and roads, a senior Tajik official said on
of Tajikistan has prepared ten investment projects worth a total of $3 billion to
be financed by Chinese banks' soft loans," Abdugaffor
Rakhmonov, deputy head of state property committee,
China this year
pledged $10 billion in soft loans to members of the Shanghai Cooperation Organization
(SCO), which includes Tajikistan, Russia, Kazakhstan, Kyrgyzstan and Uzbekistan.
Tajikistan has said it expected to get $1 billion out of that but Rakhmonov said the former Soviet republic hoped for more.
that once the feasibility of the proposed projects is assessed, investments
will be multiplied," he said.
Tajikistan, still recovering from the 1990s civil war that devastated its economy,
lacks funds to develop its infrastructure and overcome power shortages.