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Home Europe

Investment agreement signed for China-Kyrgyzstan-Uzbekistan railway project

21 December 2024
in Europe
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Investment agreement signed for China-Kyrgyzstan-Uzbekistan railway project
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BISHKEK, Kyrgyzstan, December 21. The
Kyrgyzstan Cupboard of Ministers and the China-Kyrgyzstan-Uzbekistan
Railway Firm have signed the funding settlement, Pattern reviews.

The settlement was signed by Kyrgyzstan’s Minister of Transport
and Communications, Absattar Syrgabaev, and the Chairman of the
Board of Administrators of the China-Kyrgyzstan-Uzbekistan Railway
Firm, Zhong Shengui.

Kyrgyzstan’s Deputy Chairman of the Cupboard of the Ministers and
Minister of Water Assets, Agriculture, and Meals Processing,
Bakyt Torobayev, mentioned that by signing this funding settlement for
the design, development, financing, operation, and upkeep of
the China-Kyrgyzstan-Uzbekistan railway, the lengthy and difficult
negotiation course of has transitioned into the sensible part of
implementing such a large-scale infrastructure mission of regional
and worldwide significance.

“I wish to congratulate everybody on efficiently finishing the
joint work to finalize the funding settlement we’re signing
immediately. This progress wouldn’t have been doable with out the
assist and dedication of our international locations’ leaders. Solely with
their full backing do we’ve got the chance to signal one of many
cornerstone paperwork of this mission,” Torobayev mentioned.

The China-Kyrgyzstan-Uzbekistan railroad, 486 kilometers lengthy,
will join the next factors:
Kashgar-Torugart-Makmal-Jalal-Abad-Andijan. This new rail community
shall be of immense significance to the whole area and can present
a wider vary of alternatives for the worldwide buying and selling system by
offering dependable and secure infrastructure.

The development originates from an settlement amongst China,
Kyrgyzstan, and Uzbekistan, signed on June 6 of this yr, to
facilitate the railway mission and tackle financing issues. On
July 26, the China-Kyrgyzstan-Uzbekistan Railway Firm got here into
existence.

The China-Kyrgyzstan-Uzbekistan railroad now has a design
capability of 10–12 million tons of cargo yearly.

The development of the railway is anticipated to start on December
27, 2024.

Keep up-to-date with extra information on Pattern Information
Company’s WhatsApp channel



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Tags: agreementChinaKyrgyzstanUzbekistanInvestmentprojectrailwaysigned
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