Monday, 04, March, 2024

Uzbekistan and the European Bank for Reconstruction and Development (EBRD) signed a loan agreement worth US$ 246.1 million for three projects on Wednesday. The document was signed following an interim session of the Council of Foreign Investors under the President, which was held in Tashkent, the Ministry of Investments and Foreign Trade said.

US$ 96.1 million of the loan will be contributed for the construction of a 177 km long 220 kV transmission line from the Navoi Thermal Power Station to the 220 kV Besopan switching point.

US$ 90 million will be provided for the overhaul and construction of sewage systems in the cities of Urgench, Khiva and Pitnak (Khorezm province), US$ 60 million for the city of Karshi (Kashkadarya province).

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