The German GP Günter Papenburg AG and the Uzbek state-owned unitary enterprise Transyulqurilish (owning 70% and 30% of the shares respectively) signed agreement for a joint venture, Papenburg Uzbekistan, for manufacturing of asphalt-concrete mixtures, ready-made concrete products, and performing construction and installation works, with the total authorized capital of 5.7 million euros, the draft government decree said.
The plant will be provided land plot on the banks of the Chirchik River in Tashkent province on 70 hectares, 70 hectares for a quarry for the extraction of non-metallic materials in Tashkent for production of asphalt concrete mixtures and concrete products.
Earlier the German Roland Berger signed a 2.6 million euro contract with the Government of Uzbekistan to develop a road construction development strategy.
