North-South Road (CAREC), risks identified and issues for monitoring
| Plot | Phase | Donor (MFI) | Contractor | Identified risks and issues for monitoring |
| Aral – Kazarman (km 195–291) | Phase II | Export-Import Bank of China | China Road and Bridge Corporation (CRBC) | Criminal case of the State Committee for National Security of the Kyrgyz Republic (from April 14, 2023): overestimation of the cost and scope of work, possible damage to the state |
| Balykchy – Kochkor (0–43 km) | Phase III | ADB | Asian Development Bank (ADB) | JV Sinohydro Corporation Ltd. (PRC) | risks/check points |
| Kochkor – Epkin (km 62.4–89.5) | Phase III | ADB | Asian Development Bank (ADB) | JV Sinohydro Corporation Ltd. (PRC) | risks/check points |
| Epkin – Bashkuugandy (89–159 km) | Phase III | ADB | Asian Development Bank (ADB) | Todini Costruzioni Generali S.p.A. → China Railway No. 5 Engineering Group Co. Ltd. (CR5) | Termination of contract with Todini; replacement of contractor; delays and cost/volume revisions.
The Todini contract was concluded in 2018 and terminated on 12/01/2020 after approximately 9.5% of the work was completed. The new contract with CR5 was concluded on September 23, 2021; construction substantially completed on 11/30/2024. |
| Bashkuugandy – Kyzyl-Zhyldyz (159–183 km) | Phase III | Islamic Development Bank + Saudi Fund for Development | JV MOST Group + China Road and Bridge Corporation | Complex co-financing; Co-financing and contract structure require separate monitoring. |
| Kyzyl-Zhyldyz – Aral (km 183–195) | Phase I | Export-Import Bank of China | CRBC | Safety of mountain areas; slope stability and landslide protection; security of the Kok-Art tunnel; compliance with design decisions; CRBC contractor warranty; additional security costs; quality and durability of road infrastructure; environmental and social consequences. |
| Kazarman – Jalal-Abad (km 291–433) | Phase I | Export-Import Bank of China | CRBC |