Kazakhstan hopes to increase credit line from China - K.Kelimbetov
ASTANA. July 1. KAZINFORM /Damir Baimanov/ Kazakhstan hopes to increase credit line from China. Chairman of the Board of SamrukKazyna National Welfare Fund Kairat Kelimbetov has announced it at the Business Forum of Industrialists and Entrepreneurs held within the framework of the III Astana Economic Forum.
"I want to remind that in 2009 the Chinese financial institutions provided lines of credit amounting to over USD 13 bln, This year we hope to increase this amount", K.Kelimbetov announced.
According to him, these funds will be directed not only to implementation of large investment projects in the oil and gas sphere, but to development of petrochemical, oil-processing industry in Kazakhstan, construction of asphalt plants, gas pipeline, reconstruction of refineries.
"Moreover, various metallurgical plants are financed in cooperation with the Chinese financial institutions" , the Chairman of the Board said.