Kazakhstan urges Kyrgyzstan to sign investment deal on ferroalloy plant

Kyrgyzstan and Kazakhstan have agree to speeding up their consideration of a draft investment deal to build a ferroalloy plant. The proposed plant will have capacity of 200,000 tons. It will be located in Kyrgyzstan, Tazabek reports, citing the draft protocol from the 6th meeting of the Kazakh-Kyrgyz Intergovernmental Council.

Kazakhstan asked Kyrgyzstan to sign the agreement no later than June 20, 2016, as the investor company POSCO from South Korea has requested.

In the event of a failure to sign the agreement, "POSCO will be forced to halt the implementation of the project and file a lawsuit" against Kyrgyzstan, the draft protocol said.

Аccording to Akipress