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China agrees over US$3 billion in credits for Kyrgyz projects
Last Updated: 2013-09-12 09:51 | CE.cn
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By Li Hongmei

China agreed credits worth more than US$3 billion for energy projects Wednesday in Kyrgyzstan, during a visit by President Xi Jinping.

Xi held talks with Kyrgyz President Almazbek Atambayev on the last leg of a major regional tour that has already taken him to Turkmenistan, Kazakhstan and Uzbekistan.

"According to the agreements reached during President Xi's state visit to Kyrgyzstan, China will disburse over US$3 billion in credits for Kyrgyz projects," Economy Minister Temir Sariyev said.

He said US$1.4 billion of credits will go on a 225-kilometer Kyrgyzstan-China gas pipeline which will pump gas originating from energy-rich Turkmenistan to the Chinese city of Kashgar.

The rest of the credits will go on rebuilding a power plant in Bishkek, constructing a new motorway and expanding an oil refinery, he added.

Atambayev also said Kyrgyzstan supported a Chinese initiative to create a joint economic zone based along the route of the fabled historic Silk Road trade route.

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