Kazakh President visits Beijing
February 28, 2011 Category VIP visits, Weekly
Kazakhstan President Nursultan Nazarbayev held talks with his Chinese counterpart Hu Jintao in Beijing as both countries strengthen their bilateral relations. The two sides signed a contract worth several billion U.S. dollars for long-term Kazakhstan supplies of uranium to China and a USD1 billion plan for the Export-Import Bank of China to finance construction of an oil refinery in the Kazakh city of Atyrau, on the Caspian Sea. Nazarbayev urged more Chinese investment in his country and praised the more than 1,000 companies from China already there for spurring development. China and Kazakhstan will jointly build a high-speed railway connecting the cities of Astana and Almaty, with the project to be completed in 2015, Askar Mamin, the President of Kazakhstan Railways, said. The line will use the most advanced Chinese technology and new-generation locomotives and cars.
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