BAKU, Azerbaijan, Dec. 3
By Klavdiya Romakayeva - Trend:
Metallurgical plant with a capacity of 500,000 tons of rolled products per to be launched in Tashkent, Trend reports referring to Innoprom Online platform.
The project has been implemented from scratch by the Uzbek side and the Russian engineering and construction group Metprom with the support of the Russian Export Center.
"The production at the Tashkent Metallurgical Plant, which was built by the Metprom group with Russian-Uzbek state support, will start on December 4," the president of Metrom Group Andrei Deyneko said.
Deyneko noted that the project for the construction of the plant was carried out by the Metprom group on a turnkey basis, that is, the group acted as the designer and general contractor of the project.
Investments in the project amounted to more than €325 million. Roseximbank, a member of the REC group (Russian Export Center), provided 50 percent of the financing for the project.
Also, a private investor and the Fund for Reconstruction and Development of the Republic of Uzbekistan participated in the project from the Uzbek side on a parity basis, providing 25 percent each in the financing of the project.
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