Participation in the seminar “Wastewater treatment plants for Issyk-Kul resorts” in Cholpon-Ata city

On September 8, 2022 the Hungarian-Kyrgyz Development Fund took part in a seminar on “Wastewater Treatment Facilities for Issyk-Kul resorts” in Cholpon-Ata city, which was organized by the European Bank for Reconstruction and Development with the assistance of the Issyk-Kul regional administration. Representatives of the Issyk-Kul regional administration, suppliers and consultants of wastewater treatment plants and commercial banks also took part in the mentioned seminar.

The main objective of the seminar was to inform managers and owners of resorts and hotels about existing mechanisms for obtaining financing for construction of sewage treatment plants.

Executive board member of the Hungarian-Kyrgyz Development Fund Khanchoro Murzaliev gave a presentation of the Fund to the participants of the seminar and informed them about the lending conditions, criteria set for the borrowers, interest rates and terms of financing.

In addition, the seminar was attended online by representative of the Hungarian company "Hungarian Water Technology Corporation" (HWTC), who told about the possibilities and benefits of building modern sewage treatment plants, as well as innovative developments in sustainable consumption and production.

The conditions of financing by the Fund are the most favorable in the financial market in Kyrgyzstan. Interest rates on loans range from 1.5% to 7.25% per annum, and the currency of financing is U.S. dollars. Terms of financing up to 10 years, the maximum amount of credit up to $ 5.0 million, etc.