Breaking News

Asia Today ISSN 1861-4604 Thursday, October 18, 2018

Headline

ADB approves $80M loan for Uzbek railway electrification

The total project cost is estimated at $177.45 million

Share on Facebook April 24, 2017, Reporter : Trend, Reader : 639

news

Tashkent, Uzbekistan, Apr. 24 By Demir Azizov– Trend: The Asian Development Bank (ADB) has approved an $80 million loan for the electrification of 145 kilometers (km) of railway in Uzbekistan, linking the cities of Pap, Namangan, and Andijan, the ADB said in a message on its website Apr. 24.

The electrified track is part of the Central Asia Regional Economic Cooperation (CAREC) Corridor 2, a critical transport link in the region, according to the message.

The project will facilitate direct and efficient operation of both freight and passenger train services linking major cities in the Fergana Valley - home to nearly a third of Uzbekistan’s population - with Tashkent, the country’s capital, the message said.

The project will help improve transport connectivity and encourage growth and job creation in the Fergana Valley.

The total project cost is estimated at $177.45 million, with O’zbekiston Temir Yo’llari (UTY) - the public railway company - and the Uzbek government contributing $97.45 million.

ADB’s investment will finance supervision consultants, procurement of plant, procurement of maintenance equipment and machinery, and procurement of materials for external power supply.

Uzbekistan joined the ADB in 1995.

 

More Euro Asia news of the month

Photos Entry of India, Pakistan into SCO to strengthen counteraction to terrorism

Tashkent, Uzbekistan, June 15 By Demir Azizov – Trend: The expansion of the Shanghai Cooperation Organization’s Regional...

Photos Uzbekistan studying prospects of joining TAPI

Tashkent, Uzbekistan, June 15 By Demir Azizov– Trend: Uzbekistan’s Uzbekneftegaz national holding company is studying the...

Photos Uzbekistan approves deal with French PSA Group on joint car production

Tashkent, Uzbekistan, June 14 By Demir Azizov – Trend: Uzbekistan’s President Shavkat Mirziyoyev has signed a decree to...

Photos FM: Uzbekistan attracts loans, investments worth $44B

Tashkent, Uzbekistan, May 29 By Demir Azizov – Trend: Uzbekistan has signed more than 320 trade and investment agreements and...

Photos Uzbek Senate ratifies agreement on CAREC Institute establishment

Tashkent, Uzbekistan, Mar. 30 By Demir Azizov – Trend: The Senate (upper house) of the Uzbek parliament has approved a “Law...

Photos Uzbek, Chinese leaders reaffirm commitment to co-op

Tashkent, Uzbekistan, Jan. 5 By Demir Azizov – Trend: President of Uzbekistan Shavkat Mirziyoyev and Chinese President Xi...

Photos US leadership interested in development of ties with Uzbekistan

Tashkent, Uzbekistan, Oct. 30 By Demir Azizov– Trend: The US leadership is interested in consistent and stable development of...

Photos Uzbek acting president approved as presidential candidate

Tashkent, Uzbekistan, Oct. 19 By Demir Azizov – Trend: The Congress of the Movement of Entrepreneurs and Businesspeople –...

Photos Uzbekistan, Vietnam plan to expand legal framework

Tashkent, Uzbekistan, Aug. 5 By Demir Azizov – Trend: Representatives of Uzbek and Vietnamese foreign ministries have discussed...

Flying Reimagined

Stock Index

Thursday, October 18, 2018

Life Style

Photo Gallery

FEUILLETON