China–Kyrgyzstan–Uzbekistan Railway Secures Financing
Economy
A financing agreement for the construction of the China–Kyrgyzstan–Uzbekistan railway has been signed in Bishkek. The document was concluded between the China–Kyrgyzstan–Uzbekistan Railway Company (a joint project company) and a syndicate of banks from the People’s Republic of China, according to the Kyrgyz Cabinet of Ministers.
The total cost of the project is estimated at $4.7 billion, making it one of the largest infrastructure initiatives in Central Asia. The railway is expected to strengthen regional connectivity and significantly boost the transit potential of Kyrgyzstan and Uzbekistan by linking China with international markets.
The signing of the financing agreement marks a key step toward the active implementation of the long-discussed project.
The signing of the financing agreement marks a key step toward the active implementation of the long-discussed project.
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