Kyrgyzstan has officially launched its first-ever public-private partnership (PPP) in the railway sector, marking a milestone in the country's infrastructure development. The $3bn deal for the Makmal-Karakol railway aims to enhance the transport network, create job opportunities, and strengthen regional trade ties.
The agreement was signed by the National Investment Agency under the President of the Kyrgyz Republic, Kyrgyz Temir Zholu National Company, and All American Rail Group Global Infrastructure Partner. The project is aligned with the "Trans-Eurasian Route" initiative and will utilize the "project sandbox" model, a flexible approach to managing large-scale infrastructure projects.
Talantbek Imanov, Director of the National Investment Agency, highlighted the importance of the deal for Kyrgyzstan’s railway sector.
"This railway project expands Kyrgyzstan’s infrastructure, strengthens trade, and improves international competitiveness,” Imanov said.
The Makmal-Karakol railway project is set to open new opportunities for Kyrgyzstan’s transport system, fostering better connectivity with neighboring countries. By improving the transport infrastructure, the initiative will elevate Kyrgyzstan’s position in the global trade network.
All American Rail Group Global Infrastructure Partner, a key player in the consortium, brings over 3,000 completed railway projects across multiple continents. Established in 2022, AARG specializes in railway design, engineering, and management.
The consortium's experience spans North America, Europe, Africa, and Australia, with a track record of constructing over 2,000 kilometers of railway track. Over the past five years, AARG has generated more than $19.7bn in revenue, with an operating cash flow exceeding $2bn.
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