CAREC Transport Corridor 1 (Bishkek-Torugart Road) Project 1

Because of budget constraints in the last year of project implementation, counterpart funds were not available for 2012 (as of writing of the PCR). During project implementation, availability of counterpart funds should be consistently monitored to avoid payment gaps to contractors, which may cause construction delay. Early action from the government may be taken, such as seeking supplementary financing, scope reduction, or seeking cofinancing opportunities.