The Bishkek-Osh Road Rehabilitation Project in Kyrgyz Republic
On 20 March 2014, EDB and Kyrgyzstan signed an Agreement on financing The Bishkek-Osh Road Rehabilitation Project, Phase IV with ACF resources in the amount of US$ 60 million.
On 27 December 2013, the ACF Council approved the application of the Kyrgyz Republic for the investment project in Kyrgyz Republic The Bishkek-Osh Road Rehabilitation Project, Phase IV in the amount of US$ 60 million. The ACF Council approved the preliminary request and Concept Note of the Project on 7 December 2012.
The project involves rehabilitation of the Madaniyat to Jalal-Abad section (67 km) of Bishkek-Osh international automobile road. Bishkek-Osh international automobile road is the only road connecting northern and southern regions of the Kyrgyz Republic. The road surface of these sections is badly worn down and needs rehabilitation.
Expected Project implementation outcomes:
∙ Improved capacity and safety level;
∙ Creating conditions for unimpeded flow of cargo and passenger transport;
∙ Strengthened ties between northern and southern regions of the Kyrgyz Republic;
∙ Improved access to markets, reduced logistics costs;
∙ Strengthened system of road management.
24.07.15. General Procurement Notice
The Kyrgyz Republic has received financing in the amount of USD 60 million equivalent from the Eurasian Fund for Stabilization and Development toward the cost of the Civil Works for a Bishkek-Osh Road Reconstruction Project, Phase IV, and it intends to apply part of the proceeds to payments for works, related services and consulting services to be procured under this financing.
Moscow, 16 September 2014. The Agreement between Eurasian Development Bank (EDB) and the Kyrgyz Republic (KR) on financing the Bishkek-Osh Road Section Rehabilitation Project came into force on 15 September 2014.
Bishkek, 20 March 2014. A meeting of Chairman of the Management Board of Eurasian Development Bank (EDB) Igor Finogenov with acting Prime Minister of the Kyrgyz Republic Jantoro Satybaldiev was held today in Bishkek.
20.03.14. EDB and Kyrgyzstan sign agreements on financing two investment projects with ACF resources
Bishkek, 20 March 2014. Two agreements on project financing——one for the Bishkek-Osh Road Rehabilitation and the other for agricultural machinery supplies——were concluded today in Bishkek between Eurasian Development Bank (EDB) and the Kyrgyz Republic. The documents were signed by Chairman of the EDB Management Board Igor Finogenov and Minister of Finance of the Kyrgyz Republic Olga Lavrova.
Both projects are to be financed using the resources of the EurAsEC Anti-Crisis Fund (ACF), which are managed by EDB.
Under the first agreement, US $60 million will be allocated to finance the rehabilitation of Jalal-Abad — Madaniyat section of the Bishkek-Osh road. The section stretches for 67 km connecting the northern regions of the country to the southern ones. It was not rehabilitated during the implementation of the first three phases of the Bishkek-Osh Road Rehabilitation Project, which was financed by Asian Development Bank (ADB).
EDB will be implementing its project in the format of co-financing with ADB, whose resources will be used to finance rehabilitation of Bishkek — Kara-Balta section of the road. In addition, ADB’s environmental and social safeguard policies and expertise will be used in the Project preparation and implementation. The financing is to be provided for 20 years on concessional terms (1 % annual with a grace period of eight years).
Under the second agreement, EDB is to extend to the Ministry of Finance of the Kyrgyz Republic US $20 million on the same terms to finance purchases of agricultural machinery for the Kyrgyz Republic.
Moscow, 13 March 2014. Asian Development Bank (ADB) has acknowledged the significant progress achieved in co-financing the Bishkek-Osh Road Rehabilitation Project, Phase IV in the Kyrgyz Republic together with Eurasian Development Bank (EDB) in its capacity of the Resources Manager of the EurAsEC Anti-Crisis Fund (ACF). This is one of the outcomes of the discussion between Alexei Cherekaev, Head of the Project Group, ACF Department, EDB, and members of ADB’s Board of Directors, Governors, and Project Managers. The discussion was held in Manila in the framework of the Annual Meeting of donors engaged in ADB-financed projects.
Moscow, 5 March 2014. A pool of applications from farms for agricultural equipment, which will be supplied to Kyrgyzstan under the investment project funded by the EurAsEC Anti-Crisis Fund (ACF), should be begun to be formed. Alexei Cherekayev, head of Eurasian Development Bank’s (EDB) Department for ACF Operations, stated this today at the meeting with Kyrgyz Minister of Agriculture and Land Improvement Taalaibek Aidaraliyev.
Alexei Cherekayev believes that this should help to determine the characteristics and the range of equipment to be supplied, establish on-hand control over the selection of applications and secure preferences for equipment suppliers from the ACF member states.
The EDB delegation in Bishkek focused on the issues of signing and bringing into effect financial agreements between EDB and the Kyrgyz Republic under two ACF investment projects.
Moscow, December 30, 2013. The Council of the EurAsEC Anti-Crisis Fund (ACF) approved on December 27 the applications of the Kyrgyz Republic and Manager’s (Eurasian Development Bank) evaluation reports for two investment credits funded from ACF – «Bishkek-Osh Road Rehabilitation, Phase IV» and «Agricultural machinery supplies».
18.07.13. Sergey Shatalov, Deputy Chairman of the ACF Resources Manager`s Board: “Kyrgyzstan’s open economy is capable of dynamic recovery.” (Unofficial translation)
Bishkek. KyrTAG — Diana Esenaliyeva. Kyrgyzstan’s open economy is capable of dynamic post-crisis recovery and coping with financial challenges and risks. Sergey Shatalov, Deputy Chairman of the Management Board of the Eurasian Development Bank (EDB) as the EurAsEC Anti-Crisis Fund (ACF) Resources Manager, shared this opinion in an interview given to KyrTAG.
25.06.13. The videoconference of EDB acting as the ACF Resource Manager and World Bank on the joint implementation of the road project
Moscow, June 25, 2013 — On June, 19 the videoconference of Eurasian Development Bank (EDB) acting as the EurAsEC Anti-Crisis Fund Resource Manager and World Bank (WB) on the joint implementation of “Osh-Batken-Isfana Rehabilitation” project was held.
Moscow, June 6, 2013 — On June 5, 2013 Eurasian Development Bank’s (EDB) acting as the EurAsEC Anti-Crisis Fund Resource Manager and Asian Development Bank’s (ADB) joint mission in Bishkek on the “Bishkek-Osh Road Rehabilitation, Phase IV” project preparation ended.