China-Kyrgyzstan-Uzbekistan Railroad To Transport Up To 13 Mln Cargo Per Year - Official
Date
6/20/2024 5:19:58 AM
(MENAFN- Trend News Agency)
BISHKEK, Kyrgyzstan, June 20. The
China-Kyrgyzstan-Uzbekistan railway will transport from 7 to 13
million tons of cargo per year, the Chairman of the Cabinet of
Ministers - Head of the Presidential Administration of Kyrgyzstan,
Akylbek Japarov said during the session of the Jogorku Kenesh
(Kyrgyz Parliament), Trend reports.
Japarov emphasized that the initiative would provide short-term
access to the ocean and establish trade relations with countries in
the Middle East and Europe.
"The GDP of the European Union exceeds $25 trillion, and China's
GDP is $18 trillion. In other words, China's market capacity
becomes as limitless as the ocean for us and will allow us to
remove the restrictions that exist in the development of our
economy. This will allow us to dramatically increase exports and
make the trade balance positive. At the same time, real conditions
are being created to achieve a GDP of $200 billion by 2050," he
said.
The head of the Cabinet of Ministers also mentioned that the
construction of Kambarata HPP-1 and this railroad will not increase
the country's external debt, as they are carried out within the
framework of a public-private partnership.
To note, the deputies of the Kyrgyz Parliament on June 19
considered and adopted the bill "On ratification of the Agreement
between the Government of the People's Republic of China, the
Cabinet of Ministers of the Kyrgyz Republic, and the Government of
the Republic of Uzbekistan on cooperation in the joint promotion of
the China-Kyrgyzstan-Uzbekistan railroad project, signed on June 6,
2024, in Beijing" in three readings. Adoption of this bill will
allow the practical implementation of the railroad construction
project.
According to Uzbek Railways, the total length of the future
railroad will be 486 kilometers, of which Kyrgyzstan will account
for 311.8 kilometers. The approximate cost of the project in
Kyrgyzstan is estimated at $4.7 billion.
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