Uzbekistan, Tashkent, Feb.18 / Trend D.Azizov /
Uzbekistan intends to attract loans worth $700 million from the Asian Development Bank (ADB), the source in the government told
The Uzbek government including interested ministers and agencies began discussing financial cooperation program for 2011-2013 with the ADB representatives, the source said
The Uzbek government intends to realize about 20 investment projects aimed at promoting regional cooperation, transport communications, the private business sector and education, improving the quality of reclaimed land, supplying population with potable water, supporting small business with financial assistance from the ADB
The government is planning to attract loans worth $500 million for the construction of Guzar-Bukhara-Nukus-Beineu highway, which is part of the Central Asian regional transport corridor
An exact list of the projects identified for joint implementation in the specified period will be determined through the negotiations between the government agencies and the ADB representatives
Uzbekistan is a member of the Asian Development Bank since 1995 and today the largest recipient of loans of the bank in the Central Asia. Since 1995, The ADB allocated Uzbekistan $1.29 billion for the implementation 30 projects including education, agriculture, modernization of the transport infrastructure and energy sector and $ 40.75 million technical assistance grants.