1. TRACECA INVESTMENT FORUM Brussels 2012 International Issykul Airport Reconstruction Project KYRGYZ REPUBLIC

2. Brussels 2012TRACECA Investment Forum International Issykul Airport Reconstruction Project «ISSYKUL» INTERNATIONAL AIRPORT

3. Brussels 2012TRACECA Investment Forum3 GEOGRAPHICAL DESCRIPTION Issykul oblast, Tamchi village. Three hour drive from Bishkek (around 230km) and 20km to the West from Cholpon-Ata town 5th desert and steppe climatic zone Location of the Project brings the following benefits: –Longer construction season; –Minimal ecological impact; –No resettlement required; –Use of widespread construction materials – no specific needs;

4. TECHNICAL DESCRIPTION Period of construction: –3-4 years Passenger traffic: –Around 500 passengers and 100 flights per year Steps of construction or rehabilitation: Phase 1 and Phase 2 Brussels 2012TRACECA Investment Forum4 Phase 1Phase 2 Construction of: - taxiways - mud structures - 200 passenger/hour capacity terminal -engineering structures and network -fuels and lubricants active storage -airfield service and special vehicle base - airfield barriers- search-and-rescue station and freight terminal Extension of the current runway by 1800m and its rehabilitation Equipment: power supply, platform lighting, 1 ICAO category signal equipment installment Expansion of the current platformFire and ground special machinery

5. SOCIO-ECONOMIC DESCRIPTION Implementation of this Project will contribute to both the country and the region: –Cholpon-Ata town is the central tourist destination in Issykul. –Development of regional tourist infrastructure. –Safe air travel to and from Issykul for foreign visitors. –Economic development of the entire health-resort zone. –Improved living standards of local population in the area. Brussels 2012TRACECA Investment Forum5

6. INVESTMENT AMOUNT AND REPAYMENT Investment amount is 34,600,000.00 USD for Phase 1 and 45,800,000.00 USD for Phase 2 Source of Repayment is the Budget of the Kyrgyz Republic + the Investor is offered the right to start up construction of health and recreation objects and tourist infrastructure on 136,5 hectares allotted for these purposes by the Government of the Kyrgyz Republic in “Karakol” free economic zone. Brussels 2012TRACECA Investment Forum6

7. OTHER SOCIO-ECONOMIC DESCRIPTIONS Reconstruction of the Issykul airport opens up the new prospects for development of regional trade focused on delivery of agricultural products Safe passenger transportation especially during the wintertime will be ensured Air travel in comparison to road travels is a good time saver Saving the travel time and avoidance of time consuming ground border check-point procedures make Issykul tourist destinations more attractive for foreign visitors throughout the year-round period Increase in seasonal employment as well as improvement of permanent employment opportunities Brussels 2012TRACECA Investment Forum7

8. SUMMARY Both Phases of the Project require 80,400,000.00 USD Brussels 2012 TRACECA Investment Forum 8 The Issykul Lake is a true health and recreation heart of the Kyrgyz Republic. Reconstruction of the air travel infrastructure goes in line and simultaneously with the state of the art governmental policy aimed at enhancement of the health and recreational status of the Issykul zone. As a result, the popular beach resorts, virginity of the unique mountain landscapes, and fascinating ski resorts become easily approachable and available all year round «YSSYK-KUL» INTERNATIONAL AIRPORT