According to the press service of the Kyrgyz Cabinet of Ministers, the agreement was signed between the China–Kyrgyzstan–Uzbekistan Railway Company LLC, a joint project company established by the three countries, and a Chinese banking syndicate that includes the China Development Bank and the Export-Import Bank of China.
The total cost of the project is estimated at $4.7 billion. Of this amount, $2.3 billion will be provided by China as a 35-year loan, while the remaining funds will be contributed to the company’s charter capital: China holds 51%, with Kyrgyzstan and Uzbekistan each owning 24.5%.
The project envisages the construction of 50 bridges and 29 tunnels with a combined length of approximately 120 km. The railway section within Kyrgyzstan will extend for 304 km.
Earlier, officials announced that the China–Kyrgyzstan–Uzbekistan railway project had entered its practical implementation phase.
