A new FII Institute’s Public-Private Partnerships: Financing The Future Impact Report 2026 reveals that emerging markets are driving the next wave of PPP growth. PPP spending across low-and middle-income countries reached $100.7 billion in 2024, up 16% on-year, with emerging markets now representing around 61% of global PPP activity by GDP share.
A key finding is that Kyrgyzstan ranks third in the report’s emerging-market PPP project pipeline, with 80 published or announced projects, behind only the Philippines (230 projects) and Saudi Arabia (98), and ahead of Bangladesh (71) and Peru (54).
For Kyrgyzstan, being ranked among the top PPP pipelines signals strong momentum in PPP development.
To coordinate and promote PPP projects and attract private investment and private-sector management experience, the government has established the Public-Private Partnership Center of the Kyrgyz Republic.
According to the National Investment Agency under the President of the Kyrgyz Republic, the PPP Center’s project portfolio now includes over 90 projects with a total private investment volume of 434 billion soms (over $4.9 billion). Currently, 65 PPP projects are in the active implementation phase, and 14 new PPP agreements were signed in 2025 in sectors such as transport, logistics, agriculture, ecology and waste management, tourism, education, and communications, attracting over $3.9 billion in private investment to the Kyrgyz economy.
Key PPP agreements signed in 2025 include the construction and operation of the Kelechek alternative toll tunnel through the Too-Ashuu Pass on the Bishkek-Osh highway; the construction and operation of the eastern bypass road around Bishkek; the construction and management of a trade and logistics center in Kara-Suu; and projects to modernize regional healthcare infrastructure, including the Bulak sports and fitness complex in Osh, the U Nexus Hub innovation center at the International University of Kyrgyzstan, and a magnetic resonance imaging (MRI) center at the Osh Interregional Clinical Hospital.
An important PPP initiative is the Trans-Eurasian Route railway project. A public-private partnership agreement for the project was signed in Bishkek in February 2025, marking Kyrgyzstan’s first PPP initiative in the railway sector. The agreement was concluded between the National Investment Agency, Kyrgyzstan’s national railway company Kyrgyz Temir Jolu, and the U.S.-based consortium All American Rail Group Global Infrastructure Partner LLC.
The project involves the construction of a railway across central Kyrgyzstan, traversing mountainous terrain from east to west and connecting Karakol in the northeastern Issyk-Kul region with Makmal in the southwestern Jalal-Abad region. The railway is expected to play a key role in modernizing the country’s transport infrastructure and enhancing regional connectivity and economic development.
The growth in the number of PPP projects was supported by legislative reforms in 2025. Amendments to the PPP Law significantly simplified procedures for investors: a simplified mechanism for launching small projects was introduced, along with provisions allowing the allocation of municipal land and property without a tender at a preferential rental rate.
A milestone of 2025 was the establishment of the PPP Academy, a joint initiative of the PPP Center and the Eurasian Development Bank, aimed at training professionals for Kyrgyzstan’s PPP sector.
In October 2025, Bishkek hosted the IV International PPP Conference under the motto “Government and Business: Synergy for a Strong Partnership.” The conference discussed strategic areas for PPP development in Kyrgyzstan, noting that PPP is an effective tool for infrastructure modernization, innovation, and improving the quality of public services.
Speaking at the conference, Ravshanbek Sabirov, Director of the National Investment Agency, said, “Today, PPP in Kyrgyzstan is a practical tool that is already delivering tangible results. It is a key instrument for attracting investment and innovation for the sustainable development of the country’s economy. PPP projects are being implemented across a wide range of sectors, from infrastructure and energy to healthcare, education, and tourism.”
