Kyrgyzstan's proposed China-Kyrgyzstan-Uzbekistan railway project, crucial for the Belt and Road Initiative, faces significant financing challenges.
During recent visits to the United States and Germany, Kyrgyz President Sadyr Japarov encouraged investors to participate in the China-Kyrgyzstan-Uzbekistan CKU railway project -- a crucial component of Xi Jinping's ambitious Belt and Road Initiative. Kyrgyzstan's treasury is not bursting with money and Bishkek is in great need of cash to build its part of the monumental railway project -- expected to cost a few billion dollars -- that could bring big profits to its coffers.
7 billion. Debt-Trap Skepticism In Finding Money Rayimkul Mendekeev, director of the Scientific and Technical Center at Kyrgyz State Technical University, also notes the major challenge Kyrgyzstan faces in securing funds for the project, which is part of Beijing's worldwide Belt and Road Initiative. But he suggests two potential avenues for financing.
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