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- Project for Reconstruction of Issyk-Kul Ring Road at a Section of Korumdu-Balbay
Project for Reconstruction of Issyk-Kul Ring Road at a Section of Korumdu-Balbay
Kyrgyz Republic
| Borrower | Kyrgyz Republic |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Transportation |
| Approved | 12.12.2017 |
| Signed | 15.03.2021 |
| Status | Ongoing |
| Loan Administrator | OPEC Fund |
| Executing Agency | Ministry of Transport and Roads |
| Co-financiers | ISDB, KFAED, SFD, Government of Kyrgyz, Road Fund MOTC |
| OPEC Fund Contribution (US$m) | 10.00 |
| Total Project Cost (US$m) | 128.02 |
To upgrade a 116km section of road that serves 17 urban / semi-urban settlements populated by around 700,000 people. On completion the project will increase access to social services, marketplaces and production centers, thereby opening economic opportunities and improving living conditions.