China to help Tajikistan produce electric vehicles
Officials of China and Tajikistan signed the documents on private sector cooperation
The total value of the signed documents exceeded $400 million
Dushanbe
As part of the official visit of the head of the upper house of the Majlisi Oli of Tajikistan, Mayor of Dushanbe Rustam Emomali, to China, a ceremony was held for the signing of documents on private sector cooperation between the two countries, as reported by Asiaplustj.info.
The total value of the signed documents exceeded $400 million.
In particular, a Framework Agreement of $50 million was signed between Tajikistan’s OAO “Azot” and China’s “Rundjong Holding Group” for the modernization and increase of urea production to 180,000 tons per year at the specified plant.
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Additionally, a Framework Agreement worth $300 million was signed between LLC “Asia Chemical” and “Rundjong Holding Group” for the construction of a new urea production facility in Tajikistan with a capacity of 300,000 tons per year.
The Memorandum of Agreement between LLC “Avesto Group” and China’s “Jinchuen” for the organization, establishment, and management of a joint venture for the production of electric vehicles in Tajikistan with a production capacity of 1,500 automobiles per year amounts to $25 million.
Another $26 million represents the amount specified in the Memorandum between LLC “Marmari” and “Tadjong Interprice Management Consulting Co. Ltd.” for the creation and operation of a joint logistics center on the territory of Tajikistan.
Also read: Chinese electric vehicle makers lead the world, rivaling U.S. pioneers
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Courtesy: Central Asian Light (Posted on Aug 22, 2023)
