G7 countries ready to invest $200 bln in Central Asian infrastructure

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The G7 countries are ready to invest up to $200 billion in infrastructure projects in Central Asia. Kazakhstan is one of the main areas for the implementation of such projects, said Acting Special Coordinator of the US Partnership for Global Infrastructure and Investment program Helaina Matza at a meeting with the Kazakh delegation, Kursiv reports with reference to the Ministry of Foreign Affairs of the Republic of Kazakhstan.

The main goal of the partnership program is to diversify supply chains to ensure food and energy security in the world.

As part of the program, the G7 countries - Canada, France, Germany, Italy, Japan, Great Britain and the United States - have set a goal of investing $600 billion by 2027 in developing countries, of which $200 billion in Central Asia.

At the meeting with Helaina Matza, the possibilities of US investment in Kazakhstan's projects in the field of transport and logistics, clean energy production, agricultural products, mining and processing of rare earth metals were discussed.

Earlier it was reported that the European Union intends to invest 10 billion euros in the development of transport links in Central Asia. The European Commission, as part of the EU Global Gateway strategy, is preparing a regional transport program to support the Trans-Caspian route.

The European Bank for Reconstruction and Development has calculated that to improve the transport infrastructure of Central Asia, it is necessary to attract investments in the amount of 18.5 billion euros for 33 infrastructure projects. Kazakhstan is to implement 13 projects for 5.5 billion euros. Then the potential of the Trans-Caspian route can be increased from the current 6 million tons to 26 million tons by 2040.

CentralasianLIGHT.org

July 25, 2014