Kyrgyzstan will need to spend 8 billion dollars on the China-Kyrgyzstan-Uzbekistan (CKU) rail line. Funding is the main obstacle to the construction of the route. Kyrgyzstan has not yet been able to find enough money to complete its part of the route. Akylbek Zhaparov, the head of the Kyrgyz cabinet of ministers, provided an update…
Category: financing
Kyrgyzstan struggles to find money for CKU line construction
Kyrgyzstan is looking for money to build its part of the China-Kyrgyzstan-Uzbekistan (CKU) railway line. In an interview about the country’s debt situation, the president reassured the people that no unfeasible loans would be taken. Where the money for the CKU line is going to come from remains unclear. While Kyrgyzstan is willing to take […]
Financial insecurity looms over future of German railways
Germany’s railways may face a lack of financing security. Rail association Allianz pro-Schiene reports that the financing for railways is secure for a duration of only a single year. In comparison, Austria and Switzerland have guaranteed longer-term financial security of six and twelve years respectively. Germany’s railways need multi-year financing security for construction and expansion […]
Financial insecurity looms over future of German railways
Germany’s railways may face a lack of financing security. Rail association Allianz pro-Schiene reports that the financing for railways is secure for a duration of only a single year. In comparison, Austria and Switzerland have guaranteed longer-term financial security of six and twelve years respectively. Germany’s railways need multi-year financing security for construction and expansion […]