Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Kazakh president orders probe into China-linked transport project

Kazakh president orders probe into China-linked transport project

The country's new leader appears to be shaking off claims he remain's the former president's puppet.
Kazakh President Kassym-Jomart Tokayev on Tuesday ordered an investigation into former senior officials who initiated a struggling $1.5-bn Chinese-led project to build a light rail network in the capital.

While Tokayev mentioned no names, his order could mean that he is targeting former and current members of his patron and predecessor Nursultan Nazarbayev's inner circle - challenging the widespread notion that the president is only number two in the Kazakh political hierarchy.

Tokayev's criticism could also hurt the image of Beijing's Belt and Road infrastructure development initiative, of which the troubled project was part.

Kazakhstan signed deals with several Chinese companies and the state-owned China Development Bank in 2015 to finance and carry out a light rail transit (LRT) project in Astana, which has since been renamed Nur-Sultan.

The 22-km (14 miles) network was originally due to be built in time to serve visitors to the 2017 Expo exhibition, for which Kazakhstan built a whole new area in the capital.

But the project lagged behind schedule and was plagued with financial difficulties such as having a large part of its cash - more than $200 million - frozen in a local bank that went bust.

Last spring, construction was put on hold altogether as the city government and the Chinese bank could not agree on the terms of the next loan tranche.

At a meeting with city government officials on Tuesday, Tokayev said the project should have never been given a greenlight in the first place.

"This is a very questionable project ... economically incomprehensible," he said. "I do not understand how it could have been launched."

Because of large costs and heavy penalties for pulling out of the deal, Kazakhstan will have to complete the project, Tokayev said, but those behind it must be held accountable.

"I would also like to ask the anti-corruption agency to step up the investigation, it should not be superficial, simply noting that certain people have fled abroad ... and overlooking (the roles) of others," he said.

Tokayev's comments appeared to refer to Talgat Ardan, a former Astana LRT chief executive who was put on the wanted list in July on embezzlement charges, and some of the former mayors of the capital.

The LRT project was launched in 2011 under Mayor Imangali Tasmagambetov but was subsequently shelved due to high costs. The next mayor, Adilbek Zhaksybekov, revived the idea and oversaw the signing of the deals with Chinese companies.

His successor Aset Isekeshev, in turn, oversaw the revision of some of the deal terms. All three men are political heavyweights who had for years - alongside Tokayev himself - been promoted by and became close to Nazarbayev, Kazakhstan's sole leader for nearly 30 years.

The offices of Isekeshev, who now manages Nazarbayev's nonprofit foundation, and Tasmagambetov, who is Kazakhstan's ambassador to Russia, declined to comment on Tokayev's speech. Zhaksybekov's office could not be reached for comment.

Nazarbayev resigned last March, handing over the presidency to Tokayev in line with the Constitution and backing him in the subsequent election.

But the 78-year-old former Communist apparatchik retains the title of Yelbasy, the national leader, and enjoys sweeping powers as the chair of the security council and head of the ruling Nur Otan party.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
U.S. Goods Imports Plunge Nearly 20% Amid Tariff Disruptions
Italy Faces Population Decline Amid Youth Emigration
Trump Accuses China of Violating Trade Agreement
OpenAI Faces Competition from Cheaper AI Rivals
Foreign Tax Provision in U.S. Budget Bill Alarms Investors
Russia Accuses Serbia of Supplying Arms to Ukraine
Gerry Adams Wins Libel Case Against BBC
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
EU Majority Demands Hungary Reverse Anti-LGBTQ+ Laws
Top Hotel Picks for 2025 Stays in Budapest Revealed
Iron Maiden Unveils 2025 Tour Setlist in Budapest
Chinese Film Week Opens in Budapest to Promote Cultural Exchange
Budapest Airport Launches Direct Flights to Shymkent
Von der Leyen Denies Urging EU Officials to Skip Budapest Pride
Alcaraz and Sinner Advance with Convincing Wins at Roland Garros
EU Ministers Lack Consensus on Sanctioning Hungary Over Rule of Law
EU Nations Urge Action Against Hungary's Pride Parade Ban
Putin's Helicopter Reportedly Targeted by Ukrainian Drones
U.S. Considers Withdrawing Troops from Europe
Russia Deploys Motorbike Squads in Ukraine Conflict
Critics Accuse European Court of Human Rights of Overreach
Spain Proposes 100% Tax on Non-EU Holiday Home Purchases
German Intelligence Labels AfD as Far-Right Extremist
Geert Wilders Threatens Dutch Coalition Over Migration Policy
Hungary Faces Multiple Challenges Amid EU Tensions and Political Shifts
Denmark Increases Retirement Age to 70, Setting a European Precedent
Any trade deal with US must be based on respect not threats', says EU commissioner
UK Leads in Remote Work Adoption, Averaging 1.8 Days a Week
Thirteen Killed in Russian Attacks Across Ukraine
High-Profile Incidents and Political Developments Dominate Global News
Netanyahu Accuses Western Leaders of 'Emboldening Hamas'
Ukraine and Russia Conduct Largest Prisoner Exchange of the War
×