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IDB to allocate $167 million to Uzbekistan for construction of National Highway

Business Materials 6 October 2010 10:19 (UTC +04:00)

Uzbekistan, Tashkent, Oct. 6 / Trend D.Azizov /

The Board of Directors of the Islamic Development Bank (IDB) has approved a loan worth $167.2 million to build a 100-kilometrs section of the M-39 National Road, a source in the Republican Road Fund under the Uzbek Finance Ministry reported.

The loan will be allocated under the favorable terms for 20 years, including a four-year grace period.

The loan agreement is expected to be signed between the IDB and the Road Fund, acting on behalf of the Uzbek government in November this year.ПрослушатьНа латинице

Uzbekistan plans to build a first-category national highway worth $2.6 billion by 2015.

Under the national program, plans include constructing four sections of roads along the Beineu-Kungrad-Bukhara-Samarqand-Tashkent-Andijan, Bukhara-Alat, Bukhara-Karshi-Gusar-Termez and Samarkand-Guzar routes, with a total length of 1.501 million kilometers.

Under the project, 400-kilometer four-lane cement highways, 813-kilometer four-lane asphalt highways, 288-kilometer two-lane asphalt roads and seven transport interchanges will be built in the course of six years.

The project is divided into four sections - Beineu-Kungrad-Bukhara-Samarkand-Tashkent-Andijan, Bukhara-Alat, Bukhara-Karshi-Termez and Gusar-Samarkand-Guzar.

The total length of Uzbek roads is 146,400 kilometers. About 20 international transport routes run through the country.

The government will also allocate funds worth $1.68 billion for the project. Moreover, the Chinese government's credit line for Shanghai Cooperation Organization member countries and other international financial institutions will allocate funds for the project. 

Uzbekistan became a member of the IDB in 2003. During this time the bank has provided funds more than $ 250 million to the country worth for projects in health, education, agriculture, power and support of private entrepreneurship.

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