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Kyrgyz government defines scheme of Turkish grant expenditure

Business Materials 4 July 2012 16:12 (UTC +04:00)
The Kyrgyz government worked out the plan on expenditure of grant, allocated to the country by Turkey
Kyrgyz government defines scheme of Turkish grant expenditure

Azerbaijan, Baku, July 4 / Trend V. Zhavoronkova /

The Kyrgyz government worked out the plan on expenditure of grant, allocated to the country by Turkey, Tazabek reported on Wednesday.

Kyrgyz Economy and Antimonopoly policy minister Temir Sariyev said Turkey allocated a $100 million loan and a $6 million grant for a-20 year term, including 7 years of preferential period with interest rate of 0.1 percent.

Some $17 million from this sum will be allocated to construction and repair of schools, $7.2 million - to the irrigation construction, $35 million to Bishkek Major's office.

Government proposed to allocate $9.6 million for the purchase of road building equipment, construction of three asphalt-concrete plants and items of transport infrastructure.

Special commission headed by deputy Prime Minister Djoomart Otorbayev will be created to follow the expenditure of grant and loan.

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