EMBASSY OF UZBEKISTAN TO THE UNITED STATES
NEWS AND EVENTS
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004

 
NEWS AND EVENTS
May 28, 2013
ADB provides loan for US$220m to Uzbekistan
The Asian Development Bank (ADB) presented a loan for US$220 million to Uzbekistan for construction of the part of national highway in Namangan region.

The ADB loans will be used to reconstruction of roan Pungan-Namangan with extension of 75 km. The road is a part of Tashkent-Osh highway (A-373).

Within the project, it is planned to upgrade the existing two-lane section to a four-lane section with an international design.

The ADB allocated loan of Uzbekistan for 25 years with five year grace period. Uzbekistan will also direct US$45 million to project implementation.

The loan was issued within the multitranche financing programme CAREC Corridor 2 Road Investment Program II worth US$500 million. Within the multitranche financing programme, the ADB allocated US$500 million in September 2011.

The Government of Uzbekistan attracted US$1.1 billion loan of the ADB to construction of national highway. The funds were used to reconstruct Guzar-Bukhara-Nukus-Beinau (A-380) and Tashkent-Andijan (A373) roads with the extension of 450 km.

(Source: UzDaily.com)


Back

   Back to the top    Print version   
© 2004, Embassy of Uzbekistan to the United States.
All Rights Reserved.
 Design.uz Studio
Design.uz Studio
Site Development