According to him, an agreement has been reached with the Eurasian Development Bank for the provision of a loan and a grant.
The Deputy Minister emphasized that the project plans to reconstruct and expand sections of Babaraimov and Shamshat streets, with a total length of 3.2 kilometers, as well as the construction of two overpass bridges. The total cost of the planned works will amount to $19.3 million.
Of this amount, $15.39 million will be allocated as a loan and grant from the EDB, while $3.9 million will be co-financed by the Kyrgyz Republic from the national budget.
The loan is provided for a period of 15 years at an interest rate of 1.2% per annum, with a grace period of five years. The implementation of the project is expected to take place from 2026 to 2028.
Parliamentarians supported the draft agreement following the discussion.
