Uzbekistan to allocate $45 M to Afghanistan

Business Materials 1 July 2019 18:36 (UTC +04:00)

Baku, Azerbaijan, July 1

By Fakhri Vakilov- Trend:

Prime Minister of Uzbekistan Abdulla Aripov in a meeting with Afghan Chief Executive Abdullah Abdullah in the northern province of Balkh (Afghanistan) vowed to provide $45 million for a power transmission project in Afghanistan, Trend reports with reference to Afghan media.

“Uzbekistan will contribute $45 million to the power transmission line from Sarkhan in Uzbekistan to Pul-e-Khumri [in Baghlan] which is almost 200 kilometers in length and will cost $110 million,” Aripov said.

The two sides discussed issues of mutual interest as well as economic relations between the two countries.

Abdullah said that time has come to implement the agreements which have been signed between the two countries.

He said trade volume between the two countries is good but added that it has the potential to improve.

“The Afghan government will continue its efforts to balance trade activities between the two countries. We are committed to creating more opportunity for Uzbek investors and we hope that such an opportunity is provided for Afghan investors in Uzbekistan,” he added.

Aripov vowed that Uzbekistan is ready to closely cooperate with Afghanistan in different sectors, including agriculture, trade, electricity, and railway.


Follow author on Twitter:@vakilovfaxri