Chinese Company to Invest $550 Million in Relocating Railway from Bishkek

At a meeting of the Committee on Agrarian Policy, Water Resources, Ecology, and Regional Development of the Parliament, Mayor of Bishkek Aibek Dzhunushaliev announced plans to relocate the railway out of the capital. Land for this purpose is being prepared next to the northern bypass road, The Caspian Post reports citing 24.kg.

According to the mayor, China Road company offers to finance the project in exchange for land that will be vacated after the railway is moved. This, according to preliminary estimates, will cost $550 million. And the land is estimated at $450 million at market value.

Aibek Dzhunushaliev expressed the opinion that after the move, a high-speed highway to Kant should be built in place of the railway, which would relieve congestion on the capital’s streets.