Uzbekistan, ADB sign loan agreements worth $380 million
Tashkent, Uzbekistan, Nov. 22
By Demir Azizov - Trend:
Uzbekistan and the Asian Development Bank (ADB) signed loan agreements worth $380 million on Thursday during ADB President Takehiko Nakao's visit to Uzbekistan, the Uzbek national news agency reported today.
The loan agreements were signed on the following projects, 'Constructing a 100 MW solar photoelectric power station in the Samarkand region', 'Rehabilitation of the Amu- Bukhara irrigation systems' and 'Development of Small and Micro finance'.
The portfolio of cooperation between Uzbekistan and the ADB currently includes 40 projects worth $14.5 billion. ADB's funds worth more than $ 4.9 billion were drawn.
Strategically important investment projects and programmes such as the construction of two steam gas units with a total capacity of 900 MW at the Talimarjan thermal power plant, a large scale programme of road construction and reconstruction, building the Ustyurt Gas Chemical Complex at Surgil deposit and a housing programme in rural areas are being jointly implemented.
Currently, the parties are discussing a bilateral cooperation programme for 2014-2016, envisaging the implementation of priority projects and programmes in such areas as oil and gas, electricity, transportation infrastructure, water supply, housing, small business, healthcare, education and municipal sectors.