Chinese agree to invest in Kazakhstan Infrastructure Fund

 Nazarbayev in ChinaBaiterek, Kazakhstan’s state-run holding company and China’s government-run CITIC investment corporation of China, have agreed to put up $600m to develop the Kazakhstan Infrastructure Fund, it was announced today.
The announcement came in the wake of Kazakh President Nursultan Nazarbayev’s state visit to China and will come under his country’s Nurly Zhol or Bright Road infrastructure development programme. “The money will be used to implement investment, infrastructure, and agricultural projects in Kazakhstan,” Baiterek’s Chairman Kuandyk Bishimbayev said.