China Eximbank provides RMB 697 million government concessional loan for the Aral-Kazarman Section (195 km-291 km) of the Alternative North-South Road Project (Linked to Record ID#40491 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 87188512761.
3. The China Eximbank (PBC) loan agreement can be accessed in its entirety via https://www.documentcloud.org/documents/20488738-kgz_2015_427.
4. This project is also known as Phase 2 of the Alternative North-South Road Project (or “Строительство альтернативной автомобильной дороги Север-Юг, фаза 2”).
5. 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.
6. 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 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.

📚 Sources & References

• 27 years of independence: Biggest projects implemented in Kyrgyzstan
• ADB
• Kyrgyz Republic Sign Agreement for North-South Alternate Road Corridor Rehabilitation
• Alternative North-South Road Aral - Kazarman (Construction)
• Alternative North-South Road Project Section Aral-Kazarman (km195-km291)
• China’s Silk Road Economic Belt Initiative: Network and Influence Formation in Central Asia
• DSSI Agreement for the Kyrgyz Republic
• Financing the Construction of an Alternative North-South Road in Kyrgyzstan
• GOVERNMENT CONCESSIONAL LOAN AGREEMENT, http://static.akipress.org/127/.storage/business/images/Nazika/0d0de3348ed67b9e5d654d234f3a92b0.png
• Kyrgyzstan and the Belt and Road Initiative
• Kyrgyzstan’s north-south road to corruption
• News agency sums up Kyrgyzstan’s greatest tangible achievements since independence
• 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 Кыргызской Республики, 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, Түндүк-Түштүк альтернативдик жолу 70 пайызга бүткөрүлдү
• 对外投资合作国别（地区）指南
• 通讯：雪山脚下有条“中国路”
• 重大项目 Major Projects 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.