Kyrgyzstan will invest 11 billion soms in the construction of China — Kyrgyzstan — Uzbekistan railway. The draft state budget for 2025, presented by the Ministry of Finance says.
According to the document, the contribution of the Kyrgyz side to the authorized capital of the joint project company for 2025-2027 is distributed as follows: 2,418 billion soms will be allocated in 2025, 4,291 billion in 2026, and 4,374 million in 2027.
Converted into dollars at the current exchange rate of the National Bank of the Kyrgyz Republic of 84.36 soms, this will be $28.67 million, $50.87 million and $51.85 million, respectively. The total investment is $131.39 million.
An agreement was signed between China, Kyrgyzstan and Uzbekistan on June 6, 2024 to facilitate the implementation of the railway project, and the issue of financing was also resolved. The Parliament of Kyrgyzstan ratified the agreement on June 19, and President Sadyr Japarov signed it on June 27. Construction of the road will begin in October this year.
