EDB portfolio in Kyrgyzstan reaches $445 million, with another $300 million worth of projects under consideration

The accumulated investment portfolio of the Eurasian Development Bank (EDB) in Kyrgyzstan amounts to $445 million, with projects worth approximately $300 million still under consideration. This was announced by Ruslan Dalenov, Deputy Chairman of the EDB Management Board, at the EDB's final press conference.

In addition to investment financing, the EDB has provided $5.1 million in technical assistance for the implementation of various projects and institutional development.

In the current five-year period, the bank is allocating funds to a number of major infrastructure and industrial projects in Kyrgyzstan:

• The 100 MW Kulanak hydroelectric power plant on the Naryn River — EDB's participation amounts to $44 million;
• the Bishkek Solar power plant in the Issyk-Kul region with a capacity of 300 MW — the bank's investment is $180 million;
• modernization of the Kant cement plant — EDB financing of $49 million;
• development of road infrastructure in the city of Osh — $14 million.

In addition to the initiatives already being implemented, the bank is considering projects worth approximately $300 million. They cover areas such as industry, energy (including renewable energy sources), agriculture, and other sectors of the economy.

The EDB is also involved in developing the project environment in the country. In particular, the bank provides support in preparing initial project documentation, has financed training seminars on public-private partnerships (PPPs), and has implemented a digital project to modernize the depository accounting system.