Kyrgyzstan plans to expand the range of investment projects, the Prime Minister Sooronbay Jeenbekov announced at the meeting of Coordination Council on Macroeconomic and Investment Policy.
According to him, amid the economic crisis, limited resources, and reduction in the traditional markets, the country needs to take a number of measures that will help to create the groundwork for economic development. Economic growth fell from 11% to 1.2%. On the other hand, the plan on the revenue side of the budget has been exceeded by 0.3%, or 71 billion soms, which allows the government to expand the range of investment infrastructure projects.
Deputy Chairman of the State Committee for Industry, Energy and Subsoil Management Azamat Omorov told about the project on reconstruction and construction of pumping stations valued at 10 million euro, financed by the European Bank for Reconstruction and Development. Equipment of the most pumping stations is out-of-date, the wearing out of heating networks is 75%. This can lead to serious accidents that threaten disruption of heating supply in the city. (24.kg/Business World Magazine)
