Kazakh plan ties in with ‘One Belt, One Road’ policy

By Liu Jianxi Source:Global Times Published: 2015-4-17 0:38:02

Kazakhstan's new economic policy "Nurly Zhol" (The Bright Road) shares a lot of similarities with China's "One Belt, One Road" strategy, the Kazakhstan ambassador to China said during a news conference at the country's embassy in Beijing on Thursday.

Kazakhstan's Infrastructure Development Plan is the core of The Bright Road. The plan covers transportation, industry, energy, housing, utilities and social infrastructure. It also supports small and medium businesses.

"'One Belt, One Road' also aims for the development of infrastructure in transportation, energy, finance and economy," Ambassador Shakhrat Nuryshev said at the conference.

The main road projects The Bright Road implements include routes from Western China to Western Europe, Astana to Almaty and Atyrau to Astrakhan.

President Nursultan Nazarbayev ordered a $9 billion investment into The Bright Road from 2015 to 2017.

The completion of some of the projects will aid connectivity between China and other nations, which are the core of "One Belt, One Road," said Yang Jin, a research fellow of the Institute of Russian, Eastern European, Central Asian Studies at the Chinese Academy of Social Sciences.

Kazakhstan, on the other hand, can receive financial and technological support from China. "The two countries can cooperate for mutual benefit," Yang said.

The "One Belt, One Road" strategy was put forward by Chinese President Xi Jinping during his visit to Kazakhstan last year. The plan aims at promoting policy coordination and facilitates connectivity, trade, financial integration and people-to-people bonds with other countries.

"China has carried out a lot of measures, including to the Silk Road Fund and the Asian Infrastructure Investment Bank to develop infrastructure. This is exactly the same as the thinking behind The Bright Road," Yang said.

"If we cooperate with China based on our similar developmental strategies, China and Kazakhstan can achieve mutual goals and build perfect infrastructure," Nuryshev said.

Kazakhstan has long been China's ally. Kazakhstan's Prime Minister Karim Massimov signed more than $24 billion in deals with China in March. "This enables Kazakhstan to build more new factories and industrial bases," Nuryshev noted.

"The Bright Road is an effective response to global crises," Yang said, adding that as challenges, such the Ukraine crisis, have affected the country, it will give an opportunity for more economic partners.

Kazakhstan will go to the polls on April 26, a snap election brought forward by  lawmakers to secure economic prosperity. 

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