Ambassador Talks Of Moscow's Investment Interests in Afghanistan

News - Afghanistan

Tuesday, 09 June 2015 18:38 Last Updated on Tuesday, 09 June 2015 21:38 Written by Zabuiullah Jahanmal

Russia's Ambassador to Afghanistan, Alexander Mantytskiy, has voiced his country's interest in re-investing in a number of strategic sectors of the Afghan economy, particularly enterprises that were first started with the help of the Soviet Union in the 1980s.

Speaking in Kabul, Mantytskiy said the biggest hurdle for investment would be the Afghan government's level of interest and willingness to make joint investments.

But that question has already been partly answered: the Afghan Ministry of Finance (MoF) has said that proposals for joint investments into seven enterprises left over from the Soviet-era will be submitted to the Russian government.

"From now on, Russian companies are ready to jointly invest in a number of projects with the Afghan government," Ambassador Mantytskiy said on Tuesday. "An example is the interest of a Russian company in reconstruction of the Home Construction Enterprise."

In addition, Mantytskiy also said renovating the Salang tunnel and developing methods of energy production would be viable investments. "Russian companies are also interested in investing in electricity production in Afghanistan, as most of the electricity production projects in Afghanistan are built by Russians," the senior diplomat said. "But, these projects need the strong commitment of the Afghan government."

MoF spokesman Qader Jeelani assured that a pitch for investment in areas of traditional Russian involvement would be drafted soon. "We will prepare the list of enterprises that are profitable and need investment, and we will share the list with the donors soon," he said.

There were over 50 enterprises created during the times of the Soviets, often providing basic services. Most of them have discontinued operations over the years because of war and neglect.

Source : tolonews[dot]com
post from sitemap