WB provides $88mln to Uzbekistan for water supply improvement
Uzbekistan, Tashkent, Sept. 16 /Trend, D.Azizov/
The World Bank and the Government of Uzbekistan on Friday signed a loan agreement on allocation of a loan worth $88 million to Uzbekistan for a project to improve drinking water in the Syrdarya region, a government source in Uzbekistan told Trend.
The loan agreement was signed by the head of WB office in Tashkent Takuya Kamata and First Deputy Prime Minister and Finance Minister Rustam Azimov.
WB Board of Directors approved this loan in March this year.
The loan will be allocated from the International Development Association (IDA, part of World Bank) in form of interest-free loan for 35 years, including 10-year grace period with payment of commission obligations.
The total project cost is $100 million. The Government of Uzbekistan will allocate $12 million for its implementation.
The project is planned for five years, its implementation will provide quality drinking water to additional 340,000 people in six selected districts of Syrdarya region.
Uzbekistan obtained membership at the WB in 1992. Over the past period the bank allotted to Uzbekistan a total of $1.2 billion in loan and credit to realize project in the fields of privatization, private sector development, upgrade of agriculture, improvement of social infrastructure.