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Parliamentary Committee on Budget and Finance approves draft agreement on allocation of investment loan from EurAsEc Anti-Crisis Fund for Madaniyat -...

February 17, 2014



Parliamentary Committee on Budget and Finance approves draft agreement on allocation of investment loan from EurAsEc Anti-Crisis Fund for Madaniyat - Jalal-Abad road section

Parliamentary Committee on Budget and Finance approved on February 17 a draft agreement between Kyrgyzstan and the Eurasian Development Bank on provision of investment credit from Anti-Crisis Fund of the Eurasian Economic Community for Madaniyat Jalal-Abad section of road. According to Minister of Transport and Communications Kalykbek Sultanov, the agreement meets modern requirements. The Bank allocates $60 million, terms of the investment loan is 20 years, he said. Sultanov also said that if the bill is supported, the contractor will be determined in 4th quarter and construction will start in spring.


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Source: AKIpress News Agency (Kyrgyz Republic)


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