Kazakhstan and China are working on the creation of a $200 million investment fund for the development of TMTM On the sidelines of the Tian Shan Forum, Deputy Prime Minister Serik Zhumangarin negotiated with the Minister of Finance of the People's Republic of China Lan Fuan. The parties discussed the launch of new financial mechanisms to support major infrastructure projects. Main details of negotiations and initiatives: A Kazakh-Chinese direct investment fund with an initial target scope of up to 200 million dollars is being built for the development of the trans-financial international transport route (TITM). The project was initiated by the heads of state in July. It is proposed to integrate financial instruments through one project financing window without creating a new structure. This will make it possible to create comprehensive packages of loans, guarantees and insurances in yuan. The parties intend to formulate a new mechanism on specific initiatives in order to eliminate systemic barriers and accelerate the implementation of transportation and service projects with the participation of leading Chinese banks.

Kazakhstan and China are working on the creation of a $200 million investment fund for the development of TMTM On the sidelines of the Tian Shan Forum, Deputy Prime Minister Serik Zhumangarin negotiated with the Minister of Finance of the People's Republic of China Lan Fuan. The parties discussed the launch of new financial mechanisms to support major infrastructure projects. Main details of negotiations and initiatives: A Kazakh-Chinese direct investment fund with an initial target scope of up to 200 million dollars is being built for the development of the trans-financial international transport route (TITM). The project was initiated by the heads of state in July. It is proposed to integrate financial instruments through one project financing window without creating a new structure. This will make it possible to create comprehensive packages of loans, guarantees and insurances in yuan. The parties intend to formulate a new mechanism on specific initiatives in order to eliminate systemic barriers and accelerate the implementation of transportation and service projects with the participation of leading Chinese banks.