Uzbekistan, Tashkent, Dec. 21 / Trend, D. Azizov /
The State Joint Stock Railway Company Uzbekiston Temir Yullari (Uzbekistan Railways) has signed a contract with the Consortium of Chinese CNTIC (China National Technical Imp&Ex Corporation) and CNR DLRC (CNR Dalian Locomotive and Rolling Stock Co. Ltd) to supply 11 freight locomotives at a cost of $44.4 million, the head of Uzbekistan Railways told Trend on Wednesday.
The Uzbekistan Railways chief said that delivery of the first batch of locomotives is scheduled for early 2013 under its contract terms. Completion is scheduled for late 2015.
The contract will be funded by the Chinese Eximbank's loan worth $42 million and Uzbekistan Railways funds.
Delivery of freight locomotives is carried out as part of the programme of renovation and upgrading rolling stock for 2011-2015.
During the last 10 years, Uzbekistan Railways purchased electric locomotives in China amounting to $114 million.
In 2002-2004, China's CSR Zhuzhou electric lokomotive Co delivered 12 freight locomotives and spare parts worth $40 million to Uzbekistan Railways.
The contract was fully financed with credit from the European Bank for Reconstruction and Development allocated to the Uzbek government in 1999.