China Eximbank provides $399.9 million preferential buyer’s credit for Kazarman-Jalal Abad Section and Balykchy-Aral Section of Alternative North-South Road Project (Linked to Record ID#46350 and #53585)

📋 Staff Comments

1. The Alternative North-South Road Project (Russian: строительства альтернативной дороги Север—Юг; Chinese: “北-南公路”) is being implemented in three parts and financed with 3 different China Eximbank loans: Phase 1 of the project [Kazarman-Jalal Abad Section (km291-km433) and Balykchy-Aral Section (km183+500-195+486)] is being financed with a $399,989,041 PBC from China Eximbank (Project ID# 40491). Phase 2 of the project [the Aral-Kazarman Section (195 km-291 km)] is being financed with a RMB 697,562,608.76 government concessional loan (GCL) from China Eximbank (Project ID#46350) and a 185,254,119 PBC from China Eximbank (Project ID#53585). Phase 3 of the project [the Balykchy-Kyzyl-Zhyldyz Section (0-183km) was funded by the Asian Development Bank.
2. The project identification number in the Government of the Kyrgyz Republic’s Aid Management Platform (AMP) is 8718835226.
3. The China Eximbank (PBC) loan agreement can be accessed in its entirety via https://www.documentcloud.org/documents/20488735-kgz_2013_431.
4. The July 2021 debt suspension agreement [No. DSSI2021PHASE2-028] can be accessed in its entirety via https://www.dropbox.com/s/huwa695j3w9hwig/DSSI%20Agreement%20for%20Kyrgyz%20Republic.pdf?dl=0.
5. A detailed loan repayment reschedule (that the Kyrgyz Ministry of Finance shared with AidData in July 2022) can be accessed via https://www.dropbox.com/s/xg0cmomv0qk7cbj/Repayments.xlsx?dl=0. The schedule reflects actual repayments through December 31, 2021 and planned/scheduled repayments after December 31, 2021. Note also that (a) China Eximbank granted the Government of Kyrgyz Republic a a deferral of payments for the period from August 2021 to December 2021, and (b) the deferred principal and interest amounts are included in the main body of the debt and the repayment amounts of the deferrals (with additional accrued interest for granting a deferment) are already included in the repayment schedule.
6. The Chinese project title is 第二条北南公路项目 or 吉尔吉斯斯坦南北第二条公路建设项目 or 南北路二期项目.

📚 Sources & References

• Chinese company helps build Kyrgyzstan's biggest infrastructure project, 16 Projets d'infrastructures pour l'integration de l'afrique, 27 years of independence: Biggest projects implemented in Kyrgyzstan
• Alternative North-South Highway Kyzyl-Jyldyz - Aral and Karzarm - Jalal-Abad (Rehabilitation)
• Alternative North-South Road Project Section Kazarman-Jalal Abad (km291-km433) and Section Balykchy-Aral (km183+500-km195+486) in Kyrgyz
• CAREC Corridor Implementation Progress
• Planned Actions, and Support Needs
• China signs deals worth $3 bln with Kyrgyzstan
• China to Allocate $3Bln to Kyrgyzstan – Reports
• China's Foreign Assistance PPT Presentation
• China,Kyrgyzstan : KYRGYZSTAN
• China inks USd 400mn LOAN AGREEMENT
• China’s Silk Road Economic Belt Initiative: Network and Influence Formation in Central Asia
• Chinese funding for Kyrgyzstan route
• Construction of an alternative North-South road - Aid Management Platform
• DSSI Agreement for the Kyrgyz Republic
• Joint construction of Economic Belt Silk Road and Maritime Silk Road of the 21st century: the path to the common development and prosperity
• Kyrgyz Republic AMP
• Kyrgyzstan and the Belt and Road Initiative
• Kyrgyzstan starts construction of alternative North-South road «The Times of Central Asia»
• Kyrgyzstan
• China mull cooperation
• Kyrgyzstan
• China sign $400 mln loan agreement on construction of North-South alternative road
• Kyrgyzstan’s north-south road to corruption
• News agency sums up Kyrgyzstan’s greatest tangible achievements since independence
• Preferential Buyers Credit Loan
• Preferential Buyers Credit Loan Agreement on Alternative North-South Road Project Section Kazarman-Jalal Abad (km291-km433) and Section Balykchy-Aral (km183+500-195+486)
• Re: Project-Specific Informa5on from the Kyrgyz Aid Management Pla?orm (Кыргызстандагы жардамдарды башкаруу платформасынан Долбоор боюнча Конкреттүү маалымат)
• Rehabilitation of Bishkek-Naryn-Torugart Road
• Second phase of North-South highway completed in Kyrgyzstan with Chinese support, table, table, table
• The Kyrgyz Parliamentary Transport Committee reviewed and approved the draft of the second-phase loan agreement for the “North-South” Highway, Интервью ИА AkiPress у ЧПП КНР в КР г-жи Ду Дэвэнь о строительстве автодороги «Север-Юг», Министерство транспорта и дорог КР 12-13 октября 2021 года провел пресс-тур на участок строительства Альтернативной автодороги Север-Юг для осмотра работ проводимых «ЧайнаРоуд энд Бридж Корп.», МинКаб Төрагасынын орун басары Бакыт Төрөбаев: Түндүк–Түштүк альтернативдүү жолу эксплуатацияга берилет, Нам любые дороги дороги. Как в Киргизии зарабатывают на асфальте, будке для инженера и китайцах, Р Е Ш Е Н И Е Комитета Жогорку Кенеша Кыргызской Республики по транспорту, коммуникациям, архитектуре и строительству от 26 февраля 2019 года О состоянии автомобильных дорог республики, подведомственных Министерству транспорта и дорог Кыргызской Республики и ходе реализации ратифицированных Законов по реконструкции и строительству автомобильных дорог, Строительство альтернативной автомобильной дороги Север-Юг, Строительство альтернативной дороги «Север-Юг», Түндүк-Түштүк альтернативдик жолу 70 пайызга бүткөрүлдү, Түндүк-Түштүк альтернативдүү жолу 850 млн долларга бааланган – негизги донорлор кимдер?, Ход реализации инвестиционных проектов по реконструкции автодорог, финансируемых Азиатским банком развития, ЧПП КНР в КР Ду Дэвэнь присутствовала на церемонии завершения второй фазы проекта «Альтернативная дорога Север-Юг»
• 中国路桥承建的吉尔吉斯斯坦南北替代第二条公路一期项目特长主隧道贯通
• 吉尔吉斯斯坦南北第二条公路建设项目二期工程顺利通过终验
• 吉尔吉斯斯坦南北第二条公路建设项目（二期）桥梁工程箱梁架设圆满完成
• 吉尔吉斯斯坦南北路三期项目顺利通过初验
• 吉尔吉斯斯坦总理阿·扎帕罗夫出席南北路二期项目通车仪式
• 吉尔吉斯斯坦总理阿·扎帕罗夫出席南北路二期项目通车仪式
• 吉尔吉斯斯坦新北南公路项目二期举行竣工仪式
• 吉总统在“北-南公路”一期项目开工仪式上感谢中国对吉的支持
• 天堑变通途！吉尔吉斯斯坦总理致谢中国进出口银行为项目提供融资支持
• 驻吉尔吉斯斯坦大使杜德文出席吉新北南公路项目二期竣工仪式 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.