Private Uzbek companies to receive soft loans of up to $200M

Business Materials 18 April 2019 14:27 (UTC +04:00)

Baku, Azerbaijan, April 18

By Fakhri Vakilov – Trend:

The Fund for Reconstruction and Development of Uzbekistan intends to issue soft loans in the amount of up to $200 million to private companies implementing projects in health care, Trend reports with reference to the government resolution.

Such an initiative was made to strengthen the material and technical base of medical organizations created on the terms of public-private partnership.

"Credits will be issued for a period of up to 8 years with a refinancing bank's margin of 1.0 percent per annum. Moreover, funds can be received only if the investor makes private, including foreign, investments of at least 80 percent of the total investment," said the statement.

Concessional lending is carried out exclusively for the purchase of modern imported medical equipment and equipment in the amount of not more than 20 percent of the total investment made in foreign currency.

The president of Uzbekistan instructed to announce tenders by August 15, 2019 for the right to conclude an agreement on public-private partnership in health care. The term of the agreement will be determined by the public and private partners.


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