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Gazprom Kyrgyzstan ready to buy securities of Bishkek City Administration

Gazprom Kyrgyzstan is ready to buy securities of the Bishkek City Administration. This was reported today at an extraordinary session of the City Council.

The meeting participants discussed the draft resolution On the organization of the issue of municipal securities and the approval of the conditions for the issuance of bonds of the Bishkek City Administration.

According to the background statement, the intention to buy municipal securities was expressed by Gazprom Kyrgyzstan LLC and the Social Fund of the Kyrgyz Republic for 3.5 billion soms at 12 percent per annum.

It is planned to purchase 320-350 buses using natural gas for the means.

Today, the provision of the capital with buses and trolleybuses is just over 20 percent of the needed amount.

Not more than 120 municipal buses serve 10 city routes daily. Minibuses of private entrepreneurs take the main share in the transportation market.