The EFSD and the Kyrgyz Republic prepare the Aral–Suusamyr road rehabilitation project for implementation
Bishkek, 6 June 2024. The Eurasian Fund for Stabilization and Development (EFSD) and the Kyrgyz Republic have prepared the Aral–Suusamyr road rehabilitation project for implementation. This announcement was made during a meeting between the EFSD delegation and Beknazar Bazaraliev, Deputy Minister of Transport and Communications of the Kyrgyz Republic.
As it was noted, Kyrgyzstan is currently working on an application for the relevant funding from the EFSD.
The preliminary project application from the Kyrgyz Republic was approved by the Fund’s Council in 2022. The total project value is estimated to be at least US $200 million, with the EFSD contributing approximately US $160 million.
The project aims to enhance the capacity of Kyrgyzstan’s road network, improving connectivity from north to south and vice versa and increasing road safety. Additionally, it will ensure smooth traffic flow for freight and passenger vehicles during the winter months, a time when travel is currently significantly limited.
The reconstruction of the Aral–Suusamyr road will enable the full connection of the main international highways passing through Kyrgyzstan – CAREC-1 (Western Europe – Western China) and CAREC-3 (Siberia – Middle East and South Asia). This road will help bolster transportation links between the northern and southern regions of the country and contribute to the socioeconomic development of the Naryn and Talas Regions, as well as remote areas of the Chui Region.
The Kyrgyz Republic is a founding state of the EFSD. Since its establishment, the Fund has allocated approximately US $660 million for the country’s development. Projects have included the reconstruction of the Bishkek–Osh road; rehabilitation of the Toktogul HPP; commissioning of the second unit at Kambarata HPP-2; donation of over 100 medical vehicles; improvement of rural water supply in the Osh Region; the Health Caravan grant program for disease prevention in hard-to-reach areas; financing of agricultural machinery supplies; stabilization financing, and support for reforms.
The Eurasian Fund for Stabilization and Development (EFSD) is a regional financial arrangement totaling US $9 billion, established in 2009 by the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan. The EFSD aims to promote economic and financial stability in its member states and support their sustainable development.
The EFSD Press Service: