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Uzbekistan intends to draw ADB's credit to electrify railway in south of country by late 2011

Oil&Gas Materials 3 May 2011 12:55

Uzbekistan, Tashkent, May 3 / Trend D. Azizov /

Uzbekistan intends to draw credit from the Asian Development Bank (ADB) from the multitranche funding - worth $ 350 million - in order to electrify individual sections of the railway in the south of the country, the government source told Trend.

According to the source, the first tranche of the borrowed package, worth $100 million, is planned to be drawn for the project worth $168.6 million to electrify the 140-kilometer-railway section Marokand - Karshi. The project also includes reconstruction of the depot in Karshi (the administrative center of Kashkadarya) to use the new railway line Tashguzar - Boysun - Kumkurgan. The project is planned to be launched in 2011 and completed by 2015.

The loan funds worth $250 million are planned to be drawn for the project worth $443.9 million to electrify the 250-kilometer-section Marokand - Navoi - Bukhara in the central part of the country. The term of the project's implementation is 2012-2016.

At present, ADB and the specialists of "Uzbekistan Railways" have started to develop the documentation of the project to electrify the 390 kilometer-sectors. According to the specialists of the company, the implementation of these projects will increase the passenger and cargo flow in the south of the republic by 1.2 times. At present, several major investment projects are under implementation.

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