Trilateral railway project closes $4.7B financing

The China-Kyrgyzstan-Uzbekistan Railway Company has closed financing for its $4.7 billion cross-border railway project, meeting its funding deadline three days early.

The China-Kyrgyzstan-Uzbekistan Railway Company has secured financing for its $4.7 billion railway construction project. The joint venture signed a loan agreement with Chinese banks on December 17, 2025, Kyrgyzstan state media reports.

China Development Bank and China Eximbank will provide $2.3 billion through a 35-year loan. The three partner countries will contribute the remaining $2.3 billion to authorized capital.

China holds a 51% stake. Kyrgyzstan and Uzbekistan each maintain 24.5% ownership.

Deputy Chairman Bakyt Torobaev noted the company met its financing deadline ahead of schedule. General Director Zhou Xing pledged efficient use of funds and timely fulfillment of obligations.

The railway represents one of the region’s most complex infrastructure projects. Construction will include 50 bridges and 29 tunnels spanning 120 kilometers. Consequently, bridges and tunnels will comprise 40% of the route.

The railway will extend 304 kilometers through Kyrgyz territory. Construction began on December 27, 2024.