The Asian Development Bank and the Kyrgyz Government have signed a financing agreement for the implementation of the reconstruction of a section of the Bishkek-Osh road

12 February 2014

Bishkek, February 12, 2014 — The Asian Development Bank (ADB) and the Kyrgyz Government have signed a financing agreement for the implementation of the reconstruction of a section of the Bishkek-Osh road that will strengthen national and regional connectivity.

ADB will finance the reconstruction work of 52.5 km of road from Bishkek to Kara-Balta. The overall cost of the project for ADB is $100 million, of which $35 million is a grant and $65 million is a loan. At the moment the financing agreement is at the stage of ratification in Jogorku Kengesh.

Rehabilitation of the other Biskek-Osh road section (Madaniat to Jalal-Abad) will be financed by the EurAsEC Anti-crisis Fund.

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