TASHKENT, Uzbekistan, September 19. The European Bank for Reconstruction and Development (EBRD) invested 20 million euros in the implementation of the Fund for the Development of Public-Private Partnership Projects in Uzbekistan, Trend reports.
The Fund is formed at the expense of grant funds in the amount of 10 million euros attracted by the EBRD and loans in the amount of 10 million euros provided by the EBRD to Uzbekistan.
The new fund will allocate over $10 for the implementation of consultant services for the Public-Private Partnership (PPP) projects, as well as place over $10 million on the international SOURCE infrastructure platform.
The fund will be managed by the EBRD for 5 years, with the condition of a subsequent extension.
Meanwhile, the current loan portfolio of the European Bank for Reconstruction and Development (EBRD) projects in Uzbekistan amounts to 2.5 billion euros. The major part of the portfolio, 77 percent, or 1.92 billion euros, focuses on sustainable infrastructure. The remaining 16 percent (398 million euros) is directed towards financial institutions, while the share of investments in the spheres of industry, commerce, and agribusiness amounts to 7 percent (181 million euros).