Tashkent, Uzbekistan, June 4
By Demir Azizov- Trend:
South Korea's Economic Development Cooperation Fund will provide Uzbekistan with long-term soft loans worth $ 415 million from 2015-2019 Uzbekistan's presidential press-service said June 1.
Uzbekistan and South Korea signed a cooperation program through EDCF for 2015-2019 during President of Uzbekistan Islam Karimov's visit to Seoul.
The program envisages the implementation of six projects.
The establishment of a modern multidisciplinary highly specialized medical center of the fourth level in Tashkent, the state center, processing data of the "e-government" system and implementing an integrated water resource management system based on ICT are among them.
It was previously reported that a total of 60 agreements and contracts worth about $7.7 billion were signed during the visit of the President of Uzbekistan to South Korea.
The number of projects to be jointly implemented with the Korean investors include projects in deep hydrocarbon processing, introduction of modern technologies for processing of natural gas into methanol and olefins, modernization of nitric acid production, organization of a full cycle of production of three new global car models, the development of production of a new generation of car engines, transmissions and components, production of modern household appliances.
Major export contracts for the supply of cotton fiber, non-ferrous metals, car cables, fertilizers, fruit and vegetables, etc. from Uzbekistan to South Korea have been signed in the field of trade and economic cooperation.
South Korea is one of the largest investors in Uzbekistan. The total volume of Korean investments in the country exceeds $ 2.5 billion for the present, according to the statistics.
A number of strategic projects, including the construction of Ustyurt Gas Chemical Complex at Surgil field in the country's northwest are being implemented with the active participation of South Korean business representatives. The cost of the project is $4.2 billion.
Edited by CN