• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10731 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28612 0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10731 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28612 0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10731 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28612 0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10731 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28612 0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10731 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28612 0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10731 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28612 0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10731 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28612 0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10731 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28612 0.42%

Viewing results 1 - 6 of 23

Financing Agreement for China-Kyrgyzstan-Uzbekistan Railway Project Signed in Bishkek

On December 16, a loan agreement was signed in Bishkek to finance the construction of the China-Kyrgyzstan-Uzbekistan (CKU) railway, an ambitious regional transport project intended to bolster connectivity across Central and South Asia. According to the Kyrgyz government, the agreement was concluded between China-Kyrgyzstan-Uzbekistan Railway Company LLC, a joint venture formed by the three participating countries and a syndicate of Chinese banks, including the China Development Bank and Eximbank. The CKU railway has been discussed for more than two decades, but repeatedly stalled over financing, route selection, and technical concerns. Momentum increased after 2022 as China sought alternative westbound transport corridors and Central Asian states looked to diversify trade routes and reduce reliance on existing transit pathways. The total cost of the railway project is estimated at $4.7 billion. Half of that amount, approximately $2.3 billion, will be provided as a 35-year loan from China to the joint project company, which will be responsible for repayment. The remaining $2.3 billion will be contributed to the company’s authorized capital: China will cover 51%, while Kyrgyzstan and Uzbekistan will each provide 24.5%. The CKU railway is a strategically significant infrastructure initiative spanning 523 kilometers. Construction officially began on December 27, 2024, in Kyrgyzstan’s Jalal-Abad region. Once completed, the railway will link Kashgar in China with Torugart, Makmal, and Jalal-Abad in Kyrgyzstan, and continue on to Andijan in Uzbekistan. A cargo transshipment station and logistics hub are planned in Makmal. The railway is expected to handle up to 15 million tons of cargo annually. Despite its strategic appeal, the project has raised concerns about debt exposure, particularly for Kyrgyzstan, which already relies heavily on Chinese financing. Officials say the joint-venture structure and long loan maturity will limit fiscal risks, though critics argue projected cargo volumes will need to be met for the railway to be financially sustainable. Currently, neither Kyrgyzstan nor Uzbekistan has a direct rail link with China; the only such connection in Central Asia runs through Kazakhstan. For Uzbekistan, the railway is expected to shorten transit times to Chinese markets and expand export capacity for industrial and agricultural goods. Officials in Tashkent have argued that the CKU route could reduce delivery times by several days compared with existing rail corridors. The CKU railway is among the most technically complex projects in the region. It includes the construction of 50 bridges and 29 tunnels, totaling 120 kilometers in length, meaning roughly 40% of the route will consist of bridges and tunnels. The Kyrgyz section alone will cover 304 kilometers. On December 5, Chairman of the Kyrgyz Cabinet of Ministers Adylbek Kasymaliev visited the construction site of one of the tunnels in the Jalal-Abad region to inspect progress. According to government sources, work has begun on 18 of the 29 planned tunnels and 17 of the 50 bridges. The project currently involves 5,695 pieces of machinery and over 5,000 workers. For Kyrgyzstan, the CKU railway represents the largest infrastructure project in the country’s history. Authorities view the project as a chance to transform...

Icy Relations Between Pakistan and Afghanistan Threaten Central Asian Trade Plans

On November 25, the Afghan authorities accused Pakistan of a new round of airstrikes in eastern Afghanistan. The bombing killed nine children and a woman, injuring several others. The attacks are the latest escalation in rapidly worsening tensions between Islamabad and the Taliban-led government in Kabul, with key border crossings currently closed, and Afghan refugees being expelled from Pakistan. At the heart of the crisis is Pakistan’s claim that Kabul is providing support to the Tehrik-e-Taliban Pakistan (Pakistani Taliban, or TPP), a militant group seeking to topple Pakistan’s government and impose its strict interpretation of Islamic law. The fallout may ripple beyond bilateral relations, with significant consequences for Central Asian trade, particularly the Pakistan-Afghanistan-Uzbekistan plan for a Trans-Afghan railway. The planned 647-kilometer line is set to connect the northern Afghan city of Mazar-e-Sharif with Peshawar in Pakistan. When combined with existing infrastructure, this will mean that trains can travel from southern Uzbekistan all the way to the Pakistani ports of Gwadar and Karachi, granting landlocked Uzbekistan and Afghanistan a long-sought gateway to the Indian Ocean. But mounting instability, along with Islamabad’s willingness to shut borders as leverage, may now place the project in serious jeopardy. “The moment a state weaponizes geography, every financier in Tashkent, Moscow, or Beijing prices in risk, delays commitments, and quietly explores alternative alignments,” Anant Mishra, Marie Skłodowska-Curie Research Fellow at the International Centre for Policing and Security at the University of South Wales, told The Times of Central Asia. So, what are the prospects for salvaging the Trans-Afghan railway? How can Pakistan and Afghanistan de-escalate? And what does this turmoil mean for Central Asia’s wider economic ambitions? A sudden frost On July 17, Uzbekistan’s Transport Minister Ilkhom Makhkamov, Pakistan’s Railway Minister Muhammad Hanif Abbasi, and Afghanistan’s acting Public Works Minister Mohammad Esa Thani signed an agreement to conduct a feasibility study for the proposed railway. Many hoped the railway would presage a new era of fraternal relations between Central and South Asia. “Civil society, the intelligentsia, media, and business community of Pakistan have been loudly calling for intimate trade relations with the Central Asian Republics,” Khadim Hussain, Research Director at the Centre for Regional Policy and Dialogue (CRPD), Islamabad, told TCA. For Uzbekistan, which has aggressively pursued diversification of trade routes to reduce reliance on transit through Iran and Kazakhstan, the project promised a cheaper, faster corridor to global markets. According to Nargiza Umarova, Head of the Center for Strategic Connectivity at the Institute for Advanced International Studies, University of World Economy and Diplomacy in Tashkent, the trans-Afghan is one of two high-priority transport projects, along with the China-Kyrgyzstan-Uzbekistan railway – work on which began in April 2025. But the ink had barely dried on the July accord when tensions between Afghanistan’s Taliban government and Islamabad began escalating, throwing the ambitious railway into doubt. [caption id="attachment_40211" align="aligncenter" width="1600"] Uzbek passenger and freight trains parked in Andijan; image: TCA, Joe Luc Barnes[/caption] In early October, Pakistan launched an airstrike in Kabul targeting the leader of the...

Central Asia’s Rail Corridors: U.S. and Chinese Partnerships in Perspective

Kazakhstan’s railways are modernizing with a U.S. supplier, while Kyrgyzstan and Uzbekistan are advancing a new trans‑mountain link with China. On September 22, 2025, Wabtec and KTZ announced a multi‑year locomotive and services package worth about $4.2 billion, described by the company as its “largest” agreement. In parallel, China, Kyrgyzstan, and Uzbekistan formalized a joint company to build the long-planned CKU railway, with China holding a 51% stake. Central Asia’s rail networks are thus being reshaped by two major partnerships - one with the United States and one with China. Rather than a zero-sum rivalry, these projects show how regional governments are pursuing different infrastructure strategies to expand connectivity. Kazakhstan and Wabtec: Modernizing an Existing Network In September 2025, Kazakhstan’s railway operator KTZ signed a $4.2 billion agreement with U.S.-based Wabtec for 300 Evolution Series ES44ACi locomotives. The diesel-electric engines are tailored for Kazakhstan’s 1,520 mm gauge network and harsh climate, replacing aging Soviet-era stock. Wabtec finalized full ownership of the Astana locomotive plant in late 2023; production and services for 1,520-mm stock are now fully under Wabtec’s Kazakhstan subsidiary. Local manufacturing and long-term service contracts are expected to expand domestic engineering capacity. The locomotives’ digital diagnostic systems should improve fuel efficiency and maintenance intervals. According to the official Wabtec press release, the agreement “strengthens KTZ’s role as a critical and reliable hub for the Middle Corridor,” while KTZ CEO Talgat Aldybergenov said it “confirms our commitment to advanced technologies in the transport sector”. Rail accounts for about 64% of Kazakhstan’s freight turnover (2024), so locomotive performance directly affects Middle Corridor throughput. Financing details have not been disclosed, but the purchase appears to be domestically funded through KTZ and state support. For Astana, the order fits its multi-vector foreign-policy approach: Kazakhstan continues its partnerships with France’s Alstom, China’s CRRC, and Russia, maintaining balance across suppliers. While the locomotives are diesel, Kazakhstan is also electrifying key lines with European partners. Diesels provide an immediate boost without new catenary investment, and Wabtec claims lower emissions than previous models. Over time, expanded electrification could complement this upgrade. Overall, the Wabtec partnership represents incremental modernization. This is an interoperability-based approach that strengthens existing routes rather than building new corridors from scratch. [caption id="attachment_37655" align="aligncenter" width="950"] Image: trains.com - One of Kazakhstan’s modern Evolution Series diesel locomotives (model TE33A) produced through a partnership with U.S. firm Wabtec. Kazakhstan’s railways carry about 64% of the country’s freight, making such upgrades crucial for trade connectivity.[/caption] The China–Kyrgyzstan–Uzbekistan (CKU) Railway: Building a New Corridor After nearly three decades of discussion, China, Kyrgyzstan, and Uzbekistan launched construction of the CKU railway in late 2024. The 523 km line will run from Kashgar (Xinjiang) through the Kyrgyz mountain ranges to Andijan, Uzbekistan. It will provide a second direct China–Central Asia connection, bypassing reliance on Kazakhstan’s network. The CKU is designed with dual gauges: standard (1,435 mm) in China and broad (1,520 mm) in Kyrgyzstan and Uzbekistan, with a dry-port transshipment hub in Makmal, Kyrgyzstan. This compromise allows integration with existing Central...

Opinion: A Railway to the Future – Uzbekistan’s Bold Path to Connectivity and Carbon Cuts

I still remember the thrill of boarding the sleek high-speed train from Tashkent to Bukhara. What could have been an ordinary journey turned into something unforgettable - the kind of experience that stays alive in the memory long after the trip ends. The speed, the comfort, and above all, the hospitality of Uzbekistan Railways revealed more than just modern engineering; it was a glimpse into the vision of a country determined to connect its people and its future to the wider world. The resonance of this project is deep. The Silk Road was once the artery of global exchange, moving not just goods but ideas, cultures, and entire civilizations between East and West. From Xi’an to Samarkand, Bukhara, and Tashkent, caravans carried silk, porcelain, and paper eastward, while wool, stones, fruits, and glassware travelled west. The CKU Railway is not simply another infrastructure project; it is the revival of this legacy, adapted for the 21st century. By shortening transport routes by nearly 900 kilometers and halving transit times, it promises to transform Uzbekistan’s geographic disadvantage into a strategic strength. For a landlocked country, this is more than steel on tracks - it is a lifeline to global markets. That is where railways carry an underappreciated advantage. Beyond the economics, rail is also a climate solution. The International Energy Agency (IEA) has found that rail freight is three to four times more energy-efficient than trucks. Trains use 65–80% less fuel per kilogram of cargo. The European Environment Agency calculates that a ton of freight moved by train emits 14–20 grams of CO₂ per kilometer, while the same tonnage on trucks produces 60–120 grams. That is a four- to fivefold difference. If the 20th century belonged to highways, the 21st must belong to railways. To grasp what this means for Central Asia, consider the region’s emissions profile. According to the EDGAR 2023 dataset, annual greenhouse gas emissions (excluding LULUCF, 2022) stand at roughly 320 MtCO₂e for Kazakhstan, 214 MtCO₂e for Uzbekistan, 99 MtCO₂e for Turkmenistan, 22 MtCO₂e for Kyrgyzstan, and 21 MtCO₂e for Tajikistan. Transport is responsible for around a tenth of that, and road freight dominates. The opportunity for reductions through a modal shift is therefore enormous. Take Uzbekistan as a case in point. The country moves about 90 billion ton-km of freight annually, within a regional total of some 350 billion. At present, 70% of this moves by road and 30% by rail. Imagine that by 2035, half of current road freight shifts to electrified rail - around 32 billion ton-km. On trucks, that freight would generate 2.9 MtCO₂e per year. On electrified trains, it would produce only 0.54 MtCO₂e. The savings: 2.4 MtCO₂e annually, or more than 1% of Uzbekistan’s entire national emissions. For a single infrastructure project, that is an extraordinary return in climate terms. The regional potential is just as striking. If similar shifts occurred across Central Asia, annual savings would reach 7–9 MtCO₂e by 2035 - the equivalent of removing two million cars from the road....

EDB Estimates Central Asia-China Transport Connectivity Projects at $9 Billion

China has emerged as the principal investor in regional transport infrastructure, with analysts from the Eurasian Development Bank (EDB) estimating that cross-border projects linking Central Asia and China will require $9 billion in funding through 2035. According to the EDB, 12 projects valued at more than $9 billion are either underway or in the planning stages. These account for 17% of the $52.8 billion allocated to 90 transport corridor projects across Central Asia. The initiatives are expected to significantly boost trade and cargo flows with China, already the region’s largest trading partner. China-Kyrgyzstan-Uzbekistan Railway The most ambitious among them is the long-anticipated China-Kyrgyzstan-Uzbekistan (CKU) railway, a $4.7 billion project that will establish the first direct rail link between China and these two Central Asian states. Half of the funding will come from a Chinese concessional loan, while the remainder will be provided by a joint venture created to build and operate the railway. China will hold a 51% stake in the venture, while Kyrgyzstan’s contribution is valued at $575.75 million. On August 31 in Tianjin, Kyrgyz President Sadyr Japarov met with Chinese President Xi Jinping. Following the meeting, officials signed a letter of intent regarding China’s preferential loan to finance Kyrgyzstan’s share, according to the Kyrgyz presidency. The 523-kilometer railway officially broke ground on December 27, 2024, in Jalal-Abad, Kyrgyzstan. Once completed, the CKU will link Kashgar (China) with Torugart, Makmal, and Jalal-Abad (Kyrgyzstan), and Andijan (Uzbekistan). The line is projected to carry up to 15 million tons of cargo annually, significantly reshaping regional trade flows. Currently, Kazakhstan is the only Central Asian country with a direct railway connection to China. Kazakhstan’s Leading Role Kazakhstan leads Central Asia in cross-border infrastructure investment with China, accounting for $3.4 billion or 37% of the total. Key projects include: The modernization of the Dostyk-Moiynty railway section (836 km), scheduled for completion in 2025, which will increase freight capacity fivefold. Construction of the Ayagoz-Bakhty railway line and the launch of a third border crossing with China, aimed at further diversifying transit corridors. Regional Impact The scale and scope of these initiatives underscore the strategic importance of transport connectivity in China-Central Asia relations, particularly under the Belt and Road Initiative. By 2035, upgraded infrastructure is expected not only to enhance regional logistics and reduce transport bottlenecks but also to strengthen Central Asia’s position as a vital transit corridor between China and Europe, fostering deeper economic integration across the Eurasian continent.

Rails Through the Mountains: Kyrgyzstan Expanding Network in All Directions

On August 25, in the remote village of Kosh-Dobo in central Kyrgyzstan, construction finally started on Kyrgyzstan’s section of a railway that will connect the country to China and Uzbekistan. It is one of the most important projects in Kyrgyzstan’s 34 years of independence. And it is not the only railway project in Kyrgyzstan, as the country is at last moving to better connect by rail, both internally and with its neighbors. Three Dormant Decades For the first 30 years of independence, no new railway tracks were laid in Kyrgyzstan, but that is now changing. Kyrgyzstan is about 90% mountainous. When Kyrgyzstan became independent in late 1991 after the collapse of the Soviet Union, there were two railways leading into Kyrgyzstan. Both came from Uzbekistan to the west. A northern line connected Uzbekistan’s capital, Tashkent, through southern Kazakhstan to Kyrgyzstan’s capital, Bishkek, and from there continued eastward to Issyk-Kul, a large lake and tourist area in the northeastern corner of the country. The other railway extended only a few dozen kilometers from the Uzbek border to Osh in southern Kyrgyzstan. The length of the two railways combined amounted to some 320 kilometers. Work started on the 186-kilometer Balykchy-Kochkor-Kara-Keche railway at the end of March 2022. Balykchy is located at the western tip of Issyk-Kul. Since Soviet times, it has been the last stop on the train that originates in Uzbekistan and travels through Bishkek. Kochkor is a village in Naryn Province, about 63 kilometers southwest of Balykchy. Some 120 kilometers further to the southwest is Kara-Keche, one of Kyrgyzstan’s primary coal-mining sites and the source of much of the coal used in the thermal power plant that supplies heat and electricity to Bishkek. Chairman of Kyrgyzstan’s Cabinet of Ministers Adylbek Ksaymaliyev said in May 2025 that there are already plans to connect this railway line to the China-Kyrgyzstan-China line being built through southern Naryn Province. The Eurasian Development Bank recently agreed to fund a feasibility study for extending the railway from Balykchy to the town of Cholpon-Ata, the main tourist town on the north shore of Issyk-Kul, with a stop at the Issyk-Kul airport at Tamchy. As it stands now, people headed to Cholpon-Ata by rail must switch from the train to car or bus at Balykchy to travel the remaining 80 kilometers to Cholpon-Ata. In May 2024, President Sadyr Japarov called for that railway line to eventually reach the town of Karakol, at the eastern end of Issyk-Kul, some 140 kilometers from Cholpon-Ata. Naryn is the biggest province in Kyrgyzstan in terms of territory, but its connections to the rest of the country are tenuous, particularly in the northeastern part of the province where Kochkor and Kara-Keche are located. Kosh-Dobo is in the southern part of Naryn Province, near the borders of the Jalal-Abad and Osh provinces. The village is located on the route of the long-awaited China-Kyrgyzstan-Uzbekistan (CKU) railway that will run from Kashgar in China’s Xinjiang region to Andijan, Uzbekistan. The project was first proposed some 30...