China to help Tajikistan produce electric vehicles

533 views Politics 0

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.

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.

CentralasianLIGHT.org

August 22, 2023