IFC to Help Kyrgyz Republic Attract Private Investment, Expand Manas International Airport

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IFC is working with the federal government of the Kyrgyz Republic to entice personal sector investments to help strengthen the Manas Intercontinental Airport functions and offer much better companies to airways, travellers, and buyers. The undertaking will assistance advertise the country’s infrastructure development and push financial restoration.

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IFC is advising the Ministry of Economy and Commerce of the Kyrgyz Republic on structuring a public-personal partnership (PPP) challenge to modernize and develop the airport. The private sector lover, to be chosen by an international aggressive bidding method, is anticipated to foster best methods in financing, operations, and management to assistance the airport work to its entire potential, create targeted traffic, and safeguard the passions of shareholders, prospects, and workforce.

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Daniyar Amangeldiev, Minister of Economy and Commerce of the Kyrgyz Republic, reported, “The challenge contributes to increasing the country’s connectivity and building the tourism sector by maximizing the effectiveness of Manas Worldwide Airport by non-public sector involvement. With IFC’s guidance, we are self-assured we will be ready to structure a thriving community-non-public partnership for the country’s major airport.”

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The Kyrgyz Republic is a mountainous landlocked state, which is intensely dependent on air connectivity. A concerted effort and hard work to make improvements to Manas Worldwide Airport, which served 2.2 million passengers right before the pandemic, is critical to enhance the country’s connectivity and help tourism, business, and trade. As airports ended up hit especially hard by the pandemic, the modernization and growth of Manas Worldwide Airport can play a vital purpose in boosting the country’s financial recovery.

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Cassandra Colbert, IFC Regional Supervisor for Central Asia, said, “By attracting non-public sector financial commitment and expertise, airport concessions can provide substantial economic benefits for nations by developing jobs, strengthening passenger knowledge and cargo handling, and decreasing the fiscal stress on governments. We are delighted to be performing with the Kyrgyz authorities to framework and tender the Manas Intercontinental Airport PPP challenge.”

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IFC has helped governments close to the environment to competitively tender five airport concessions that reward in excess of 20 million passengers and draw in about $5 billion in private financial commitment to those nations. IFC is currently advising governments on 5 new airport concessions in Asia, Jap Europe, the Middle East, and the Caribbean.

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About IFC
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IFC—a member of the Earth Lender Group—is the most significant international advancement establishment focused on the personal sector in emerging marketplaces. We perform in more than 100 countries, utilizing our money, know-how, and impact to develop marketplaces and alternatives in building nations. In fiscal 12 months 2021, IFC fully commited a record $31.5 billion to personal providers and economical establishments in developing nations, leveraging the power of the non-public sector to finish excessive poverty and strengthen shared prosperity as economies grapple with the impacts of the COVID-19 pandemic. For far more facts, stop by www.ifc.org.

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