Agreement between China and Kazakhstan

likeqiangPrime Minister of China Li Keqiang and his Kazakh counterpart Karim Masimov reached on Monday 15 December 2014 preliminary consensus on a capacity cooperation framework agreement worth 18 billion US dollars. The framework agreement, covering infrastructure, highway and housing construction, is believed to help deepen China-Kazakh cooperation and forge new growth points in their practical cooperation.

According to preliminary planning, the funding of the project will come mostly from Kazakhstan and international organiations, while the rest will be loans from China.Kazakhstan is the first leg of Li’s three-nation tour, which will also take him to Serbia and Thailand.

Source: China Radio International