Chinese funding for Kyrgyzstan route

A loan worth US$400 million will help fund construction of a new highway in Kyrgyzstan. The Eximbank of China is providing the loan to the Kyrgyzstan Government of Kyrgyzstan for a 20 year period, with a grace period of 11 years at an interest rate of 2%. The project is for the construction of the new North - South route. The project includes a 1.7km tunnel, which is expected to cost some $150 million.
December 2, 2013 Read time: 1 min
A loan worth US$400 million will help fund construction of a new highway in Kyrgyzstan. The Eximbank of China is providing the loan to the Kyrgyzstan Government of Kyrgyzstan for a 20 year period, with a grace period of 11 years at an interest rate of 2%.  The project is for the construction of the new North - South route. The project includes a 1.7km tunnel, which is expected to cost some $150 million.
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