NEWS AND EVENTS
November 14, 2009
The railways company \"Uzbekiston Temir Yullari\"
Invests in modernization of a railway rolling stock
The state railways shareholding company \"Uzbekiston Temir Yullari” (UTY) plans to invest in 2009-2013 about $815 million in modernization of a rolling stock. The company within five years will get and will construct 2 575 freight cars in cost of $321 million, and also will direct $63 million on modernization of 6,65 thousand freight cars at company’s repair shops. Investments of UTY into development of park of carriages in 2009-2013 will total up to $81,5 million. In particular, the company plans to direct $55 million on purchase of 47 carriages, and also to repair 203 cars in cost of $27 million.
Within the framework of the program of upgrading the park of cargo carriages the company plans to implement the $120 million project on development of repair base of a rolling stock and the establishing of car building factory based on existing \"Litejno-mechanical factory\". Within framework of the project it is planned to create industrial capacities to build 1200 and to repair 1500 freight cars per a year. Project financing will be carried out at the expense of the credit of the European Bank of Reconstruction and Development (EBRD) - $21 million, a loan of Fund of Reconstruction and Development of Uzbekistan - $48,8 million and UTY own resources - $50 million.
It is planned that during 2009-2013 scale purchases and modernization of park of locomotives in cost more than $350 million will took the place. In particular, till the end of 2010 Chinese “CSR Zhuzhou Electric locomotive Co Ltd” will supply 15 passenger electric locomotives in cost of $74,3 million financed through the credit of Chinese \"Eximbank\" - $70,1 million and UTY own funds. Within five years UTY will also buy 13 main diesel locomotives and 10 sections of cargo electric locomotives for the amount of $94 million.
By 2014 UTY intends to finish the project on modernizations and restoration of park of diesel locomotives costing $181 million. Project envisages construction of diesel locomotive engineering plant on the basis of \"Uzzheldorremmash\" industrial mill with a capacity of 208 locomotive sections per a year. Project financing will be carried out at the expense of the credit of the EBRD - $55 million and company\'s own resources in volume of $126 million.
Upgrading of park of a rolling stock, including acquisition, modernization and major repairs with prolongation of service life of cars and locomotives, and building of new freight cars is one of priorities of work of the company. Now the company park totals 25,7 thousand freight cars, with average deterioration of 50 %. Realizations of the planned projects will allow UTY within five years to update park of freight cars almost by 30 %.