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Japanese banks to invest in expanding transmission network in Uzbekistan

ICT Materials 26 November 2018 10:24

Baku, Azerbaijan, Nov. 26

By Fikret Dolukhanov – Trend:

Japanese banks are planning to invest in expanding the backbone and multiservice data transmission network and in upgrading switching centers using IMS technology (IP Multimedia Subsystems) in Uzbekistan, Uzbek media reported referring to the government decree “On Measures to Use the Loan from the Japan Bank for International Cooperation and Commercial Banks of Japan.

According to the document, the projects will be implemented with the participation of the Japan Bank for International Cooperation (JBIC) and Sumitomo Mitsui Banking Corporation (SMBC).

The project “Expansion of the Backbone and Multiservice Data Transmission Network” provides for the expansion of the backbone network using Dense Wavelength Division Multiplexing (DWDM) technology and digital radio relay equipment.

The tender for the implementation of the projects has been won by Toyota Tsusho Corporation (Japan).

The total value of the investment project is $56.01 million. Japanese banks allocated $52.11 million in loans for this project (JBIC – $44.3 million and SMBC – $7.81 million).

Of the allocated sum, $52.12 million will be spent on the purchase of equipment and services, and $3.88 million is the cost of construction and installation works, the financial costs of the investment period and other expenses.

The resolution underlines that 15 percent of the value of concluded contracts will be financed by loan of SMBC and 85 percent - by JBIC’s preferential loan.

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