Road project for Kyrgyz Republic

Chinese banks are providing US$297 million in loans for road construction in the Kyrgyz Republic. The loan will be used to carry out Phase II of the programme to construct the new North-South road. The project is for the construction of the 96km Aral-Kazarman road and also includes building a 700m stretch of tunnel along the route as part of the works.
June 29, 2015 Read time: 1 min
Chinese banks are providing US$297 million in loans for road construction in the Kyrgyz Republic. The loan will be used to carry out Phase II of the programme to construct the new North-South road. The project is for the construction of the 96km Aral-Kazarman road and also includes building a 700m stretch of tunnel along the route as part of the works.

The Government of China will grant $185.254 million for 20 years with an 11-year grace period and an interest rate of 2%/annum. Eximbank of China will provide another $112.064 million for 25 years with an 11-year grace period and the interest rate of 1.5%/annum.
Road Structures Finance & Funding

Related Content

  • India rushing to improve its highway system
    February 9, 2012
    Despite the world economic slowdown, India still seems in a rush to improve its highway system as Patrick Smith reports. Later this year India will be seen by hundreds of millions worldwide when the country's capital New Delhi hosts its biggest event ever.
    Read More
  • Morocco’s new motorway links are boosting connectivity
    December 16, 2014
    Morocco’s massive motorway construction programme will improve transport connections and boost this North African country’s economy - Mike Woof reports A massive road building programme is transforming Morocco, with new motorways connecting cities and major towns, as well as many new rural roads being built. The Moroccan Government has set an impressive plan for its infrastructure investment that will see even the country’s small and remote villages having proper connections to the main road network. The
    Read More
  • Chinese investment
    February 6, 2012
    China's Ministry for Transport reveals that it beat its target for upgrading rural roads during 2009. Some 381,000km of rural roads were improved, beating the target of 300,000km by a considerable margin.
    Read More
  • Cost soars for Bangladesh’s Karnaphuli River Tunnel
    April 14, 2015
    Amid concern over cost rises, Bangladesh has issued a request for expression of interest to engage a consultant for the proposed the Karnaphuli River Tunnel. The estimated cost to build the Karnaphuli Tunnel has risen by US$205 million, according to the government’s Bridge Authority. A report in the Financial Express newspaper said the original 2km tunnel proposal was prepared two years ago based on a feasibility study. According to Bridge Authority officials, the cost to build the 3.4km tunnel has ri
    Read More

Highlighted Content