Bishkek inks public-private partnership accord for Uzgen bypass road construction

The National Investment Agency announced the formal signing ceremony for the inaugural pilot public-private partnership (PPP) project in Bishkek, which focuses on the construction of a vital bypass road around Uzgen.

The National Investment Agency announced the formal signing ceremony for the inaugural pilot public-private partnership (PPP) project in Bishkek, which focuses on the construction of a vital bypass road around Uzgen. The National Investment Agency, the Uzgen district administration, and the consortium comprised of Tez Jol LLC and Jagalmai LLC are all involved in this collaborative effort, which reflects a comprehensive approach to regional development.

Negotiations culminated in a consensus on project implementation, where the private partners, Tez Jol LLC and Jagalmai LLC, are slated to invest approximately $29 million. Crucially, the financing for this pioneering PPP project is independent of the national budget, underlining a sustainable model for infrastructure development.

Jibek Abdullaeva, Deputy Director of the National Investment Agency, emphasized the project’s significance in addressing socio-economic imperatives, elevating living standards, and fostering entrepreneurial growth in the region. The construction of the bypass road is anticipated to have far-reaching effects, enhancing traffic safety, reducing travel time along the Bishkek-Osh road, and serving as a catalyst for attracting private investments.

Abdullaeva underscored the multifaceted impact of the road construction, stating, “This is an important project for addressing socio-economic tasks, improving living standards of the population, and developing entrepreneurship in the region.” The project aligns with broader regional development goals, positioning Uzgen as a key player in the Osh region’s infrastructure growth.

Beyond the immediate benefits, the bypass road project is poised to stimulate private investments, thereby contributing to the overall development of Uzgen district. The infusion of private capital into critical infrastructure projects exemplifies a sustainable approach to economic growth, reducing reliance on national budgets.

As the project progresses, it is expected to serve as a model for future PPP initiatives, showcasing the viability of collaborative efforts between the public and private sectors in advancing infrastructure development. The emphasis on traffic safety, improved travel efficiency, and private investment attraction underscores the project’s strategic alignment with broader regional development objectives.