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China to invest $1 billion in Tajik Economy
Brief:Chinese pledge of $1 billion in direct investments, loans and aid to Tajikistan.
During his China visit earlier this month, Tajik president Emomali Rahmon landed his country $1 billion in direct investments from China in a number of sectors including industry, energy, mining, and infrastructure.

A total of ten deals and MOU agreements were signed between government agencies and companies on both sides. The bulk of the Chinese funding, around $600 million, is expected to cover the costs of building one of the largest cement factories in Central Asia.

The plant is to be constructed by China’s National Materials Group Corporation (Sinoma) and the Tajik Aluminium Company (Talco)on the border with Uzbekistan in the country’s southern district of Shahritus where it will make use of large limestone reserves to produce around three million tons of cement per year.

Beijing also promised to begin the construction of a $200 million coal-driven power generation plant that was agreed upon last year but was hindered by disagreements over some of the project’s technical aspects. The plant is to be built in Tajikistan’s capital, Dushanbe, and is expected to be completed in a year.

Additionally, China’s largest gold producer Zijin Mining Group has accepted a Tajik invite to develop a sulfide ore deposit in Panjakent, north of the country, and build a copper plant in the district. The Chinese company already holds 75 percent of Zeravshan gold mine, which accounted for some 60 percent of Tajikistan’s total gold output during 2011 with a production volume nearing 1.3 tons of gold. The joint mining venture has now set a target of reaching five tons of annual gold production in the next few years.

Government run China National Petroleum Corp (CNPC) was also invited to undertake an oil and gas exploration mission in Tajikistan. 

President Rhamon also secured a $50 million loan, which will be spent on reconstructing a road that stretches through the Pamir Mountains linking central Tajikistan with China, as well as an additional $25 million in aid.

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