Completed Development AidData Chinese Aid

CDB provides $25.3 million commodity-backed loan for Rehabilitation of the 50 km Osh-Sarytash-Irkeshtam Road Project (190 km to 240 km Section)

$25.3M USD

Funder	China Development Bank (CDB)
Recipient Organization	Government of Kyrgyzstan
Country	Kyrgyz Republic
Start Date	Jan 15, 2008
End Date	Aug 14, 2033
Duration	9,343 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`46364`

Grant Description

CDB provides $25.3 million commodity-backed loan for Rehabilitation of the 50 km Osh-Sarytash-Irkeshtam Road Project (190 km to 240 km Section) On January 15, 2008, the Government of the Kyrgyz Republic and the Chinese Government came to agreement on a ‘Resources in Exchange for Investment’ Project.

This agreement facilitated the Rehabilitation of the 50 km Osh-Sarytash-Irkeshtam Road Construction Project (190 km to 240 km Section) as well as the the development of the Ishtamberdy gold field. The agreement included a China Development Bank loan of $25.3 million. A Chinese company called Full Gold Mining LLC was the entity responsible for project implementation.

The proceeds from a gold mining investment by Full Gold Mining Limited Liability Company (LLC) in Ishtamberdy were to be used to repay the CDB loan.

Full Gold Mining Limited Liability Company (LLC) is a subsidiary of Lingbao Gold Company Limited, which is a Chinese state-owned mining company. As of 2009, the project was undergoing implementation. This road was completed and opened for use on November 22, 2012.

The Asian Development Bank later conducted an impact evaluation of the Osh-Sarytash-Irkeshtam Road Construction Project and the Sarytash–Karamyk Road Construction Project found that they "had a positive effect on poverty reduction and retail trade growth, which was especially evident in the sample of two mountainous districts."

📋 Staff Comments

1. The Russian project title is Реабилитация автодороги Ош-Сарыташ-Иркештам. The Chinese project title is 伊尔克什坦至奥什路段50公里项目 or 国家开发银行新疆分行吉尔吉斯斯坦“资源换项目”-伊士坦贝尔德金矿和中吉乌公路项目 or “资源换项目”贷款—中吉乌公路项目.

📚 Sources & References

Osh-Sarytash-Irkeshtam road rehabilitation completed
CAREC Transport corridors
DEVELOPMENT COORDINATION
DEVELOPMENT COORDINATION
Kyrgyzstan and the Belt and Road Initiative
中国路桥公司中标吉国亚行贷款修路项目
IBC-IN-1-13.pdf
Osh-Sarytash-Irkeshtam Road Rehabilitation Project
Sary-Tash-Irkeshtam Section, (1) VERY SUBSTANTIAL DISPOSAL AND CONNECTED TRANSACTION IN RELATION TO DISPOSAL OF 100% EQUITY INTEREST IN A WHOLLY-OWNED SUBSIDIARY AND (2) NOTICE OF EXTRAORDINARY GENERAL MEETING
Roads in Kyrgyz Republic will Help Improve Trade with Neighboring Countries
EITI Report of Kyrgyz Republic for 2013-2014. Annex 7. List of companies for 2013 and 2014, with the status of payments data and the total amounts of payments made by each company
WP5_GE2_11th_session_Ms_Nalobina_Kyrgyzstan.pdf
Infrastructure development: Osh-Sarytash-Irkeshtam road
国家开发银行新疆分行坚持核心价值弘扬开行精神服务国家外交战略
Experts Presented the Analysis of National Economic Development Strategies, http://www.cccnews.cn/jtjsb/page_1/201111/t20111117_6135.html
Measuring the Impact and Financing of Infrastructure in the Kyrgyz Republic
专业委员会
World Bank Document
中国黄金集团有限公司2020年度第三期中期票据募集说明书
CCXI Report
中国山东省国土资源厅考察调研吉尔吉斯斯坦市场
吉国新州长到中企调研，相信中国能战胜疫情
中工国际工程股份有限公司关于全资子公司中工国际（香港), “中国黄金”准备在吉尔吉斯斯坦运行“凯奇-恰拉特”工厂, 2013
Kichi-Chaarat enrichment plant has been launch in the south of Kyrgyzstan
Annual Report 2017
Annual Report 2016 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.

All Grantees

Government of Kyrgyzstan

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