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Uzbekistan, AIIB eye accelerating modernization of water supply systems in Bukhara region

Uzbekistan Materials 24 February 2021 12:55
Uzbekistan, AIIB eye accelerating modernization of water supply systems in Bukhara region

BAKU, Azerbaijan, Feb. 24

By Klavdiya Romakayeva - Trend:

Uzbekistan and the Asian Infrastructure Investment Bank (AIIB) agreed to accelerate the transition to the stage of practical implementation of the project for the construction and modernization of water supply and sewerage systems in Bukhara region of Uzbekistan, Trend reports citing the Ministry of Investments and Foreign Trade of Uzbekistan.

The Deputy Prime Minister, Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov and President of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun discussed the current state of joint projects, as well as the prospects for expanding mutually beneficial partnership.

Particular attention during the negotiations was paid to the implementation of the project for the construction of the Mazar-i-Sharif – Kabul – Peshawar trans-Afghan railway, which was supported by the AIIB during the meeting of the trilateral working group consisting of the delegations of Uzbekistan, Afghanistan, and Pakistan in Tashkent in January this year

It was noted that the development and strengthening of regional connectivity is one of the key priorities of the AIIB mission, therefore, the Bank's management will pay special attention to multilateral cooperation in the framework of the successful and timely practical implementation of this project.

Also, the parties discussed issues related to the implementation of current and ongoing projects with a total value of over $930 million.

Thus, an agreement was reached to accelerate the transition to the stage of practical implementation of the project for the construction and modernization of water supply and sewerage systems in the Bukhara region.

It was noted that as a result of the implementation of this project, more than 1.1 million residents of the Bukhara region will have access to drinking water, and about 100,000 people will be connected to the centralized sewage system.

Furthermore, an agreement was reached to intensify the joint development of new promising projects in the areas of infrastructure construction, healthcare, support for the private sector, and other areas totaling $2.1 billion.

Moreover, it was noted that opportunities will be considered for attracting additional funds from the Bank to provide financial support to exporting entrepreneurs and small and medium-sized enterprises in Uzbekistan, as well as to finance initiatives and programs aimed at increasing employment and developing home-based work.

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Follow the author on Twitter: @romakayeva

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