At the office of the Uzbek-Kyrgyz Development Fund (UKDF) in Bishkek yesterday, an agreement on the financial leasing of one hundred units of city passenger buses was signed with the Osh Town Hall.
According to the Kyrgyz national news agency “Kabar”, UKDF is providing financing for the purchase of 100 modern city passenger buses produced by the Samarkand Automobile Plant.
“This second agreement will be a key step in improving the transport infrastructure of the city of Osh and improving the quality of life of its residents. The previous successful project, implemented within the framework of the partnership between the Uzbek-Kyrgyz Development Fund and the Osh Town Hall, confirmed the effectiveness of such cooperation in achieving the common goals of the city’s development,” Kabar notes.
The agency emphasizes that, according to the chairman of the board of the fund, Aziz Aaliev, the agreement will be an example of a successful partnership between investors and government agencies in order to promote the development of urban infrastructure and ensure sustainable development.
“The acquisition of one hundred modern buses will be an important step in improving the transport system and improving the conditions of passenger transportation in our city. This project demonstrates our common goal in developing infrastructure and creating comfortable conditions for residents and guests of the city,” the First Deputy Mayor of Osh Mars Isayev said.
It should be recalled that the UKDF was established and operates in accordance with the intergovernmental agreement signed on March 11, 2021 within the framework of the Uzbek-Kyrgyz summit at the highest level in Tashkent.
In accordance with the charter, the Development Fund is managed by the Council and the Management Board. The Foundation’s council includes two representatives from Kyrgyzstan and three from Uzbekistan, and the board includes two representatives from Uzbekistan and three from Kyrgyzstan.
The strategic goal of the Fund for the medium term is to provide long-term financing and expert support to economic sectors, subject to the financially sound and stable activities of the Fund. The authorized capital of the fund, which was officially opened on April 14, 2022 in Bishkek, is $50 million.
