TASHKENT, Uzbekistan, July 31. Uzbekistan and the Export-Import Bank of Korea (Eximbank) have discussed the delivery of six high-speed electric trains to Uzbekistan, Trend reports following the meeting of Deputy Transport Minister of Uzbekistan Jasurbek Choriev with representatives of the delegation headed by Sanjin Kan, Director of the Economic Development and Cooperation Fund on Eurasia-Middle East of Eximbank.
The parties discussed promising projects related to Uzbekistan's railway transport and infrastructure development. During the meeting, they exchanged views on implementing these projects with financial support from the bank.
The delegations also addressed the development of project documentation for the construction of the Tashkent-Samarkand high-speed railroad.
To note, Uzbekistan Railways and South Korean company Hyundai Rotem have signed a contract for the supply and maintenance of six high-speed trains.
South Korea's Economic Development Cooperation Fund (EDCF) plans to provide a 185 million euro loan for the purchase of these trains, to be repaid over 35 years with a ten-year grace period and an interest rate of 0.1 percent per year.
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