Korean company completes reconstruction of highway section in Uzbekistan
Uzbekistan, Tashkent, April 9 / Trend D. Azizov /
The Korean Posco Engineering and Sonstruction company (Posco E & C, Posco steel company's branch) has completed the reconstruction of the Husar-Bukhara-Nukus-Beineu highway section (A-380 included in the Uzbek national highway) in Uzbekistan, the Republican Road Fund said today.
Posco and China's China Road and Bridge Corporation company (CRBC) won a tender for the reconstruction of two sections of the A-380 highway worth $173.5 million in May 2010.
Posco has won the tender for the reconstruction of the road section with a length of 91 km, the Chinese company - 41 km. The Chinese company completed its work on the road section reconstruction in March this year.
The project of two sections of the A-380 highway is being reconstructed by a loan from the Asian Development Bank (ADB) worth $ 75.7 million and equity of the Uzbek government.
ADB loan was delivered in 2007 under the Uzbek government's guarantee.
The Uzbek President approved a program to build a national highway of the first category worth around $ 2.6 billion in May 2009.
It is planned to build four sections of roads along the routes Beineu-Kungrad-Bukhara-Samarkand-Tashkent-Andijan, Bukhara-Alat, Bukhara-Karshi-Husar- Termez and Samarkand- Husar with the total length of 1,500 kilometers by 2015 within the program.
The project is financed by the government and the loans of ADB, Islamic Development Bank and other international financial institutions totaling $ 1.58 billion.
At present, the total length of Uzbek roads is 146,400 kilometers. About 42,500 kilometers fall to the highways of common use, 3,200 kilometers - international highways and 18,800 kilometers - highways of state importance. About 20 international transport routes and directions pass through the territory of Uzbekistan.