Uzbekistan Railways receives USD 80 million loan for electrification project

The Asian Development Bank (ADB) has approved a USD 80 million loan for the electrification of 145 kilometers of railway in Uzbekistan, linking the cities of Pap, Namangan, and Andijan. The electrified track is part of the Central Asia Regional Economic Cooperation (CAREC) Corridor 2, a critical transport link in the region.

The project will facilitate direct and efficient operation of both freight and passenger train services linking major cities in the Fergana Valley — home to nearly a third of Uzbekistan’s population — with Tashkent, the country’s capital. It will also increase regional trade along CAREC’s Corridor 2 as well as improve environmental and safety performance of the railway. An expected 10,000 tons of CO2 will be saved every year as a result of the project.

The total project cost is estimated at USD 177.45 million, with O’zbekiston Temir Yo’llari (UTY) — the public railway company — and the government contributing USD 97.45 million. ADB’s investment will finance supervision consultants, procurement of plant, procurement of maintenance equipment and machinery, and procurement of materials for external power supply.


Share on:
Facebooktwitterlinkedinmail

 

RECOMMENDED EVENT: