Tajikistan: President Returns From China Trip With $310M
Tajikistan’s President Emomali Rahmon has returned from a trip to China with nearly $310 million in grants and loans— the bulk of which is to be spent building a brand new government and parliament complex.
The financial haul was the result of Rahmon’s 16th visit to neighboring China.
As EurasiaNet.org has learned, the cost of the government complex alone will be around $230 million and is to be entirely underwritten by the Chinese government. Logically enough, building materials and equipment are to be brought over from China and will be exempt from import tariffs and other similar inconveniences.
“They said: Build and we will provide you with the means. Well, why on earth not? Our citizens will get jobs. We have an agreement so that even if Chinese companies do the work, 80 percent of the laborers will be citizens of Tajikistan. And that’s great,” Jamshed Ahmadzoda, head of the state architecture committee, told Asia Plus news website.
Other than the grant, the Export-Import Bank of China issued a $79 million on preferential terms to fund the reconstruction of a 500-kilowatt power transmission line.
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