Seven Kazakh-Chinese projects scrapped

Seven Kazakh-Chinese projects scrapped

 

Seven Kazakh-Chinese projects were excluded from the implementation plan due to poorly developed rationale. This was announced at the press conference in the CCS by the vice minister of industry and infrastructure development of the Republic of Kazakhstan Amaniyaz Yerzhanov.

"Late this August, 7 projects were excluded from this list in the amount of $ 449 million due to lack of dynamics, proper rationale, lack of economic inexpediency, and volatility of prices for raw materials, "Yerzhanov said.

Instead of the excluded, 7 projects were included the total sum of $ 763 million.

"Of these, 5 MIID projects were excluded and 2 promising projects were included that were thoroughly elaborated. In addition, within the framework of these projects, it is planned to train local staff and exchange experience with foreign specialists. Further training of Kazakhstan workers will significantly reduce foreign labor," the speaker added.

World media monitoring

06.09.2019

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