Uzbekistan will draw a loan from the World Bank (WB) worth USD 60 million in early 2015 for the construction of the external power supply facilities of the Angren-Pap railway line in the Fergana Valley, Uzbekenergo State Joint Stock Company told Trend.
The project worth USD 62 million envisages the construction of infrastructure facilities, in particular, 110/220 kV high-voltage lines and traction substations for the 130 kilometer Angren-Pap railway line.
“Uzbekenergo specialists and WB experts are finalizing the project details. The first tenders were announced in November to purchase the equipment as part of this project, through the loans,” an Uzbekenergo representative said.
Uzbekistan started construction of the Angren-Pap new electrified railway in July 2013. The railway line with a length of 129 km would run through the Kamchik pass and link the three oblasts in the east of the country – Andijan, Namangan and Fergana – with the remaining part of Uzbekistan.
The project worth $1.9 billion is financed through the state budget, Uzbek railway company’s own funds and loans of the international financial institutes. The construction is planned to be completed in late 2017.
Source: http://investing.businessweek.com
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