Chinese bank allocates $ 350 mln to Uzbekistan for large railway project implementation

Chinese bank allocates $ 350 mln to Uzbekistan for large railway project implementation

Tashkent, Uzbekistan, May 1
By Demir Azizov - Trend:

Chinese Eximbank and the Uzbek National Bank of Foreign Economic Activity signed a loan agreement worth $350 million for the construction of the railway line through the Kamchik pass in the east of the country, Uzbekistan Railways representative told Trend on April 30.

"The loan was issued for a period of 20 years, including a five-year grace period, at a rate of 2.25 percent per annum," the representative added.

The loan will be used for design and constructing a 19-kilometer tunnel. The general contractor is China Railway Tunnel Group.

Uzbekistan started construction of the Angren-Pap new electrified railway in July 2013.

It was reported that the Angren-Pap railway line with a length of 129 km would run through the Kamchik pass and link the three oblasts in the east of the country - Andijan, Namangan and Fergana - with the remaining part of Uzbekistan.

The project worth $1.77 billion is financed at the expense of the Uzbek side's own funds and loans of the international financial institutes.

The construction is planned to be completed in late 2017.

The Kamchik pass is on the Kurama Range at 1,200 meters above a sea level.

Through the pass is the only automobile route between the Tashkent region and the Pap district of the Namangan region "Tashkent -Osh" (A -373). This strategically important road is periodically closed in winter because of the threat of avalanches. The new railway should pass along the Uzbek northern border with Tajikistan.

Translated by NH
Edited by CN

Int'l Judo Federation thanks Azerbaijan for return of previously detained Armenian judoka
Int'l Judo Federation thanks Azerbaijan for return of previously detained Armenian judoka
Armenia experiences continuous population decline
Armenia experiences continuous population decline
Armenian side does not fulfill obligations upon int’l humanitarian law – MFA (UPDATE)
Armenian side does not fulfill obligations upon int’l humanitarian law – MFA (UPDATE)
Loading Bars
Latest
Azerbaijan shares data on number of vaccinated citizens for May 8
EU sceptical on vaccine waiver, but ready to discuss proposal
Azerbaijan confirms 649 more COVID-19 cases, 1,720 recoveries
Iran declares details of exports from Ardabil Province
Uzbekistan projects volume of direct foreign investments for 2021
Exports via Iran's Sistan and Baluchestan Province up
Turkey's 4M2021 export of steel to Georgia surges in value
China boosts import of Azerbaijani products y-o-y
Azerbaijan's Central Bank unveils data on foreign exchange transactions over March 2021
Azerbaijani Ro-Pax type ferry reaches Kazakh port of Kuryk (PHOTO)
G-7 countries back Taiwan's observer status in World Health Assembly
Lack of minefield maps delays mine clearance - Trend TV
Uzbekistan’s 1Q2021 cars export revealed
Results of Azerbaijani gymnasts’ performance in exercises with clubs, ribbons as part of Rhythmic Gymnastics World Cup in Baku (PHOTO)
Turkish Energy Ministry prolongs oil, gas exploration licenses for several companies
Azerbaijani president displayed successful strategy on battlefield and in media - two tactics of Great Victory
Turkmenistan sees active dev't of cotton industry
Latvia reveals main economic indicators of bilateral cooperation with Georgia
Iran discloses number of restored mines in South Khorasan Province
Germany's confirmed coronavirus cases rise by 15,685
Azerbaijan's CBC radio starts broadcasting in Karabakh
Iran's Khorasan Razavi Province to increase trade with Turkmenistan
First Vice-President Mehriban Aliyeva made Instagram post on Shusha (VIDEO)
Iran to import Coronavirus vaccine - President Rouhani
Uzbekistan, Kazakhstan implementing road and railroad construction projects
Competitions in Baku always held at highest level - Slovenian gymnast
Azerbaijani Defense Ministry discloses events to be held on occasion of Victory Day - May 9
Buy/sell operations at Iran Mercantile Exchange revealed
Iran Khodro Diesel Company boots its production
Azerbaijan’s Baku city always warmly welcoming - Ukrainian gymnast
Uzbekistan's international reserves grow
Sri Lanka approves Pfizer COVID vaccine for emergency use
Turkmenistan signs decree on pardon for Qadr Night
Uzbekistan Railways plans to resume railway communication with Russia and Kazakhstan
Iran's IMIDRO begins study of public and comparative discovery in Albalaq mine
Azerbaijan’s Azerenergy company names winner of tenders for maintenance of IT equipment
Number of Azerbaijani insurance companies entitled to operate within Green Card system increase
Kazakhstan’s Intergas Central Asia company opens tender to attract services
Baku Stock Exchange unveils 4M2021 transactions on corporate securities
Azerbaijan expanding cooperation with Czech Republic in nanotechnologies
Iran reveals COVID-19 data for May 8
Uzbekistan suspends flights to Turkey and India
Scientific conferences, organized by Baku Higher Oil School on occasion of 98th anniversary of National Leader Heydar Aliyev, are coming to an end (PHOTO)
Uzbek ministry extends tender for pumping and power equipment
Saudi Crown Prince, Pakistan’s PM hold talks as bilateral agreements, MoUs signed
Russia records another 8,329 new daily coronavirus cases
Kazakh-Turkish JV launches tender to attract equipment inspection services
Iran's Shahid Tondgooyan Petrochemical Company plans to increase production
Azerbaijani Central Bank makes allocations for software platform support
Israel among 12 ‘green’ countries okayed for UK summer travelers
Rhythmic Gymnastics World Cup in Baku organized at high level - Georgian gymnast
Kazakh oil refinery opens tender to attract examination services
Int'l Judo Federation thanks Azerbaijan for return of previously detained Armenian judoka
Kazakh Gas Processing Plant opens tender on supply of diesel fuel
Interest in Georgian aviation market growing amid COVID-19
Auto sector urges U.S. Congress to help fund its computer chip needs
Iran’s ISOICO declares amount of attracted funds
Mine clearance work on Fuzuli-Ahmadbayli highway continues in Azerbaijan (PHOTO)
Turkmenistan exceeds plan for transport, communication sector
World Cup competitions at Baku National Gymnastics Arena continue (PHOTO)
Georgia reports 1,564 new coronavirus cases for May 8
Data of Turkmenistan’s construction sector revealed
Supplies of Uzbek cherries to foreign markets to decrease
PASHA Capital - 4M2021 leader in Baku Stock Exchange operations
Uzbekistan developing strategy for promoting textile products to EU market
Turkmenistan records growth in agro-industrial production
S. Korean company eyes producing medical devices in Uzbekistan’s Kashkadarya region
Iran’s GTC unveils volume of wheat purchased from farmers
Prices for gold, silver continue to rise in Azerbaijan
Indicators of Turkmenistan’s oil, gas sector growing
Uzbekistan reveals COVID-19 data for May 8
France to impose quarantines for arrivals from 7 more countries, including UAE, Qatar
Turkish Energy Ministry bans local company from participating in BOTAS tenders
Russian, Tajik presidents to discuss bilateral ties, Tajik-Kyrgyz border clashes
EU calls on U.S. and others to export their vaccines
EBRD considers supporting transformation of Uzbek mining and metallurgical combine
Second day of Rhythmic Gymnastics World Cup kicks off in Baku (PHOTO)
Volume of manufactured products increased in Turkmenistan
Latvian cluster partakes in capacity building of engineering companies in Uzbekistan
Fiverr revenue doubles in Q1
Azerbaijani currency rates for May 8
Iranian currency rates for May 8
Iran's Aviation fleet modernization awaiting for Vienna talk results - Iranian Association of Airlines
Azerbaijan sees decrease in oil prices
Fourth round of JCPOA joint Commission held in Vienna
Thailand reports 2,419 new coronavirus cases, 19 new deaths
EU finances Financial Inclusion and Accountability project and DIGITAL RE4M Program in Georgia
IAEA to supply Uzbekistan with equipment for research nuclear reactor
India posts record daily rise in COVID-19 deaths as case numbers surge
Death toll in Mexico City metro overpass collapse rises to 26
About 200 Palestinians injured in clashes with Israeli police in East Jerusalem
Latvia invites Georgian companies to use its ports for logistics services
Biden administration joins global campaign against online extremism
Brazil welcomes U.S. call for talks on vaccine patents
Libya armed groups raid hotel where presidency met, its spokeswoman says
Cybercriminals developing "smart" swarm attack technologies - Fortinet
EU calls on U.S. and others to exports their vaccines
Brazil eyes new Pfizer deal next week for 100 million more COVID-19 shots
Biden concerned about Iran's seriousness in Vienna talks
Israel reports 41 new COVID-19 cases, 838,858 in total
All news