BAKU, Azerbaijan, September 24. Kyrgyz Minister
of Economy and Commerce Bakyt Sydykov has stressed the need to
attract private capital and international financing for the
development of regional transport infrastructure.
He made the remarks during the seventh annual Caspian Business
Forum held by the Caspian Policy Center (CPC) in New York.
According to Bakyt Sydykov, the infrastructure needed for the
Middle Corridor requires significant capital, making the
participation of governments alone insufficient.
"We therefore need to create projects that are attractive to
international financial institutions, export credit agencies,
sovereign funds, and private investors," he said.
Bakyt Sydykov also noted that new transport links should
generate economic value and form part of an integrated regional
logistics system, citing TRIPP, the Trans-Caspian route and the
China-Kyrgyzstan-Uzbekistan Railway among the projects that should
complement each other.
Meanwhile, the development of regional transport corridors is
expected to strengthen connectivity between Central Asia and
international markets, while creating new opportunities for trade
and investment.
The Middle Corridor, as well as other emerging routes, involves
infrastructure projects across multiple countries and requires
coordination among governments, financial institutions and
private-sector participants.
Against this backdrop, attracting diversified sources of
financing remains an important factor in advancing large-scale
regional infrastructure projects.
