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SECTION NEWS
06/04/16 12:07  MPs adopt Budget Code

Kyrgyzstan to spend one more loan on road repairs and construction of protective structures against natural disasters

22/02/16 10:36, Bishkek – 24.kg news agency, by Nargiza OSMONOVA

One more loan in Kyrgyzstan will be spent on road repairs and construction of protective structures against natural disasters. Its details were discussed today at a meeting of the Committee on Budget and Finance of Parliament, the loan is provided by the Japan International Cooperation Agency (JICA).

 According to the Ministry of Transport, 11 billion yen ($ 116 million) will be spent on rehabilitation of Osh - Batken - Isfana (from 28 to 75 km) road and a number of activities on Osh - Bishkek road, in particular, construction of a tunnel (from 400.1 to 400.8 km), the erection of protective structures against rock falls (409th km) and installation of a retaining wall against landslides (451st km).

Justifying the need for the approval of this agreement, the Government noted that the purpose of the project is to attract investments for the development of infrastructure, ensuring continuous transport connection between the country's territories and the people's access to services and works market. In addition, the Cabinet stressed that, according to preliminary calculations made on the basis of financial conditions, the current value of the grant element of the loan is more than 35 percent, which corresponds to the minimum level of concessionality for new external borrowings.

Under the terms of the agreement, the loan is given for 40 years with 10-year grace period at 0.1 percent per annum. By the way, about 1.16 million of Japanese yen will be spent on consulting services.


URL: http://eng.24.kg/parliament/179411-news24.html
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Exchange rate from 4 February
National Bank of Kyrgyz Republic
USD 69.4463
EUR 74.6131
RUB 1.1708
KZT 0.2156
UZS 0.0212
Weighted average exchange rate of som on February 3
USD 69.4300


Weather forecast
05.02.2017
  night day
Bishkek
-24...-18 -10...-5
Talas
-17...-14 -13...-7
Jalal-Abad
-14...-10 -11...-5
Osh
-16...-9 -8...-4
Batken
-12...-8 -8...-3
Naryn
-27...-24 -19...-12
Cholpon-Ata
-27...-20 -14...-11


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«When we ran in the elections, we said that would even get the moon and the sun from the sky ».
MP Kamchybek Joldoshbayev at a meeting of Parliament, February 2, 2017.

«What have you done besides sale of donkeys to China?».
Deputy Ryskeldi Mombekov to the head of State Inspectorate for Veterinary and Phytosanitary Safety Kalysbek Zhumakanov at a meeting of Parliament, February 1, 2017.
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