Original disclosure @ ADB website
Updated in EWS Nov 2, 2022
Disclosed by Bank Sep 20, 2022
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According to the bank website:
The Issyk-Kul Ring Road Improvement Project will: (i) improve the 79-kilometer Barskoon-Karakol road, a part of the Issyk-Kul Ring Road, (ii) enhance the management of the road asset, (iii) improve road safety, and (iv) support the preparation of the climate strategy and action plan. The project derives synergies with earlier assistance and adopts a cross-sectoral approach to integrated development in the Issyk-Kul Lake area, with an integration of gender perspective.
Central Asia Regional Economic Cooperation (CAREC) road corridors 1 and 3 provide regional connectivity with other Central Asian neighboring countries, including Kazakstan and People's Republic China. The Bishkek-Torugart road (part of CAREC Corridor 1) and the Bishkek-Osh Road (part of CAREC Corridor 3) also enable a north-south connectivity within the country. In addition, the Almaty-Bishkek Economic Corridor (ABEC) is spurring economic growth and creating jobs through greater private investments, trade, and agglomeration of economic activities. Development of the Issyk-Kul Lake area, the country's most popular tourist destination, is an integral part of the ABEC. The Issyk-Kul Ring Road also represents strategic importance for livelihoods of local communities, including women and the vulnerable group, by improving their access to job opportunities and markets for their crops and livestock.
Central and West Asia Department
Project contacts not available at the time of disclosure.
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