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All-season mountain cluster “Shankol”

Creation of the year-round ski resort “Shankol” in the Nookat District: cableways, slopes, accommodation, restaurant, and summer activities.
All-season mountain cluster “Shankol”
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Illustration from the passport

Project description

Creation of the year-round ski resort “Shankol” in the Nookat District: cableways, slopes, accommodation, restaurant, and summer activities.

Financial indicators

Funding required
10,000,000 USD

Participation

Equity participation proposed: 50% for 10 million USD. Financing in three stages — 5 million, 3 million, and 2 million USD — with agreed conditions for transition to the next stage.

6.3 years — simple term; 9 years — discounted at a rate of 16%.
Payback period

Key parameters

Planned implementation period
2027–2029 years
Investment stages
5 million USD in 2027; 3 million in 2028; 2 million in 2029
Cableways and slopes
3 chairlifts and 8 km of slopes in the basic version
Accommodation
264 places, including a hotel with 35 rooms
Altitude marks
2 464–2 912 m
Estimated profitability
IRR of the project — 28.6%; IRR for the investor — 19.2%
Scenario with a decrease in load by 30%
Estimated NPV — 2.1 million USD and IRR — 19.9%

Project location

Nookat District, Osh Region, Pamir-Alai Range; about 70 km from Osh airport.

Approximate location. Exact site and participation conditions — upon request to the National Investment Agency.

Funding required
10,000,000 USD
RegionOsh region
Payback period6.3 years — simple term; 9 years — discounted at a rate of 16%.

Participation in the project

National Investment Agency

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