(MENAFN- Trend News Agency)
ALMATY, Kazakhstan, December 5. The Eurasian
Development bank (EDB) and the Cabinet of Ministers of the Kyrgyz
Republic have joined forces to ink an agreement aimed at lending a
helping hand for the construction of the
Bishkek-Kuntuu-Belogorka-Suusamyr highway project, Trend reports
According to the information, within the framework of the
technical assistance project, a pre-feasibility study will be
developed for the construction of an alternative highway that will
connect Bishkek with the southern and western regions of the
country. Funding of up to $200,000 will be provided from the bank's
Technical Assistance Fund (TAF).
"Implementing its Development Strategy and the Bank's country
strategy in the Kyrgyz Republic, the EDB finances the development
of a pre-feasibility study for the project "Construction of the
Bishkek-Kuntuu-Belogorka-Suusamyr highway" at the expense of the
FCS. The project is a part of the key investment megaproject
"Eurasian transport framework," which aims to strengthen the
transport connectivity of the Kyrgyz Republic's economic centers
and increase the transit potential of road transportation through
Kyrgyzstan between neighboring countries. To develop the Eurasian
transport framework, the Bank uses all the tools of a modern
development institution. This agreement is a vivid example of
initiating and nurturing projects throughout the entire life
cycle-from the stage of idea inception and development of project
initiatives to project implementation,” emphasized Nikolay
Podguzov, Chairman of the EDB Board.
The new highway route is of immense strategic, economic, and
social importance for Kyrgyzstan. In addition to its impact on the
development of transportation infrastructure, it will affect the
accessibility of mineral deposits and create new jobs both during
the construction and operation of the highway.
“The existing Bishkek-Osh highway is the main road artery of the
republic. The intensity of vehicular traffic on it averages
5,000–18,000 vehicles per day, and it can no longer cope with the
growing flow. The PPP project aims to alleviate traffic congestion
between Bishkek and Osh, the country's two largest cities.
Furthermore, the project holds strategic significance for the
economic and social development of the Kyrgyz Republic, as it will
shorten the current route by 164 kilometers and provide an
alternative route to the southern regions, thereby enhancing the
accessibility of transportation in developed areas. So, the
construction of the road will contribute to the development of
international and domestic tourism and trade; bus service can be
launched along the new route, and new jobs will appear both during
the construction of the road and during its operation,” commented
the Deputy Minister of Transport and Communications of the Kyrgyz
Republic Bekzhan Rysmendeyev.
The project is an important element of the EDB's large-scale
initiative“Eurasian Transport Framework,” aimed at developing a
network of international transport corridors in the Eurasian space
along the“East-West” and“North-South” axes.
The Eurasian Development Bank is an international development
finance agency that invests in the economic development, commercial
relations, and integration of Eurasian countries. The EDB was
established in 2006 and is based in Almaty, Kazakhstan.
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