On January 11, the Government of Kyrgyz Republic and China’s Huawei Technologies Co., Ltd signed an investment agreement for implementation of the Smart City project.
The project is aimed at strengthening security in the country, including a decrease in the number of road traffic accidents and response to terrorist and criminal threats, the government’s press service said.
Implementation of the project will last one and a half years, Kyrgyz Prime Minister Sapar Isakov said at the signing ceremony.
The total amount of investments will be US $60 million. The Smart City project will be implemented in the capital Bishkek and Osh, the country’s second-largest city in the south, as well as on the motor roads Bishkek-Osh and Bishkek-Cholpon-Ata (Issyk-Kul), and on the road connecting Bishkek and the city’s Manas International Airport.
The Chinese companies Huawei and Beijing China Veterans Lingxin Capital Management, as well as the domestic Aka Minerals and Mining LLC, will invest in the Smart City project in Kyrgyzstan, 24.kg news agency reported.
The Kyrgyz Government believes that the implementation of the project will maximize security on the streets and roads of Kyrgyz cities, major thoroughfares of the capital city, at intersections, in public places, and will help to more quickly resolve controversial situations that arise from traffic accidents, and effectively deal with criminal and terrorist threats.