News Column

Kyrgyzstan signs agreements on several projects with Islamic Development Bank for $46.5 million

July 1, 2014

First Vice Prime Minister Tairbek Sarpasjev held a working meeting to summarize the outcomes of his visit to Saudi Arabia, reported the government's press service.

The agreements for implementation of the projects valued at $46.57 million were signed with the management of the Islamic Development Bank, Tairbek Sarpashev stressed.

Those projects include improvement of power supplies in Arkin massive, Leilek district, Batken region - $16.25 million; rehabilitation of Osh-Batken-Isfana road - $21.32 million; sustainable rural development - $9 million.

"The agreements were also reached with the International Islamic Trade Finance Corporation regarding financing of trade and import operations in food security sphere. The issue of acquisition of 5 mobile medical facilities for rural areas was resolved positively. Several options should be elaborated for another reached agreement concerning establishment of the slaughter house and meat factory for halal standards compliant export of meat. We should improve the started project on artificial insemination of livestock for around $1.5 million at a high quality," Sarpashev emphasized.

The First Vice Prime Minister tasked line agencies to actively work on the mentioned projects, adding he will personally oversee implementation of each project.

"Successful implementation of these projects will bring a huge benefit for the country. The results of implementation of one project will give a strong impetus for economic activities of our population. Indifferent and irresponsible heads of government agencies will be held accountable," Tairbek Sarpashev stressed.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: AKIpress News Agency (Kyrgyz Republic)

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters