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From a waste-to-energy plant to ‘Bishkek City’: where investment is flowing in the capital

Published

08/19/2026, 13:31

From a waste-to-energy plant to ‘Bishkek City’: where investment is flowing in the capital

Major investment and infrastructure projects are continuing in Bishkek across the transport, utilities, waste management and construction sectors. Some of the projects have already been commissioned, whilst others are at the construction or preparatory stage.

According to the capital’s city council, investment in major housing and mixed-use development projects alone exceeds $700 million. Some of these projects are being funded by grants, whilst others are being carried out through public-private partnerships and private investment.

In the transport sector, the projects ‘Development of the Road Network in Bishkek (Phase 3)’ and ‘Transport Interchanges in Bishkek’ are being implemented.

These projects involve the reconstruction of Kurmanzhan Datka Street and the construction of three transport interchanges. The total grant funding amounts to $32.6 million.

The projects are expected to increase the capacity of certain sections of the road network and improve transport links in the capital.

In addition, Bishkek is continuing to modernise its public transport system. As part of the urban transport electrification project, supported by the Asian Development Bank, 120 electric buses have already been delivered to the capital, bus depots have been modernised and 85 charging stations have been installed. The total cost of the project is $59.55 million.
One of the capital’s largest environmental projects – a solid municipal waste treatment plant – has already been commissioned.

Investment in the project totalled $95 million. The plant is designed to process between 1,000 and 1,200 tonnes of waste per day and generate up to 30 MW of electricity.

According to the city council, by early 2026 the facility had already processed around 80,000 tonnes of waste. The construction of a second, similar facility is planned for 2026. Once operational, the complex’s total capacity is set to increase to 3,000 tonnes of waste per day, enabling it to accept waste not only from Bishkek but also from the Chui Region.

Furthermore, in July 2026, a time capsule was laid for the second phase of the project. According to data provided by the city council, the facility has already created around 80 jobs.

Another major municipal project is being implemented as part of a public-private partnership: the reconstruction and modernisation of Bishkek’s wastewater treatment plants.

The investment amounts to $56 million. Once the work is complete, the treatment works’ capacity is expected to reach 500,000 cubic metres of wastewater per day.

The project involves the introduction of modern treatment technologies, including ultraviolet disinfection and odour neutralisation systems. The work is expected to be completed in December 2026.

A major private investment project is being implemented on the site of the former ‘Ak-Kula’ racecourse.

An agreement worth over $300 million has been signed with the investor, the Vietnamese company RCA Living LLP. Plans are in place to create a multi-purpose complex on the site, comprising residential buildings, business and commercial facilities, public spaces and social amenities.

Roadworks, construction work and landscaping are currently underway on the site.
The project also provides for the construction of three schools, three nurseries, parks, local roads, pavements and utility networks. Upon completion, these facilities are to be transferred to municipal ownership. The total investment in the project is estimated at approximately 87 billion KGS.

Implementation of the ‘Bishkek City’ multi-functional complex project is continuing in partnership with Turan City. The declared investment volume amounts to $300 million.
The project involves the creation of residential, commercial and public infrastructure.
A project for the ‘Optima’ residential complex, valued at 1.2 billion som, has also been developed. In addition to residential buildings, the project includes a park, recreational areas, as well as educational and cultural facilities.

Two public-private partnership projects are also underway in Bishkek to renovate tennis complexes.

The total investment in these projects exceeds 440 million som. The projects envisage the modernisation of sports infrastructure and the creation of conditions for the development of grassroots and professional sport.

The City Council previously reported that the total volume of investment attracted to Bishkek amounts to around $3 billion, whilst the volume of investment attracted directly by the City Council is estimated at approximately $1 billion.

At the same time, the capital’s investment portfolio continues to expand. In addition to construction and transport, new projects cover waste management, utility infrastructure, public transport, sport and urban development.

Consequently, investment activity in Bishkek is gradually shifting from individual construction projects towards a broader modernisation of urban infrastructure – from roads and public transport to wastewater treatment plants and waste management.

For the city, this means not only the emergence of new facilities, but also the potential creation of jobs, the development of public infrastructure and an increase in economic activity centred on major construction and investment projects.


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