ADB to loan Uzbekistan government US$ 220mn for highway reconstruction

The Asian Development Bank (ADB) is to loan the Uzbekistan government US$220 million for highway reconstruction projects. The Uzbekistan authorities will use the funds, which will cover 25 years and come with a five-year grace period, to reconstruct sections of the 75km Tashkent – Osh highway. The two-lane asphalt coating will be replaced with a four-lane cement concrete coating.
December 20, 2012 Read time: 1 min
The 943 Asian Development Bank (ADB) is to loan the Uzbekistan government US$220 million for highway reconstruction projects.

The Uzbekistan authorities will use the funds, which will cover 25 years and come with a five-year grace period, to reconstruct sections of the 75km Tashkent – Osh highway. The two-lane asphalt coating will be replaced with a four-lane cement concrete coating.

For more information on companies in this article

Related Content

  • New Holland machines for Moldavia
    December 4, 2013
    The Moldovan Ministry of Transport and Road Infrastructure is investing €150 million to upgrade and refurbish 200km of the country’s major highway links. This funding is coming through a loan being provided by the European Bank for Reconstruction and Development (EBRD).
    Read More
  • Kazakhstan roads benefiting from Japanese loan
    May 28, 2012
    A major loan from Japan will help develop the road transport network in Kazakhstan. The Japanese government will provide a loan to the Republic of Kazakhstan worth US$76 million. The sum will be used to develop the country's road infrastructure and will boost Kazakhstan's access to European and Asian markets. The loan will allow a new bypass to be built on one of the country's main transport arteries in the southern Zhambyl province, as well as the rehabilitation of other existing routes.
    Read More
  • Deutz secures new syndicated loan to bolster finances
    July 9, 2012
    German engine manufacturer Deutz has replaced its existing funding arrangements with a new syndicated loan. The working capital facility totalling €160million is being provided by a syndicate of German banks. The credit line is unsecured and runs until June 2017. In addition, Deutz has received a low-interest loan amounting to €90 million from the European Investment Bank. This loan, which is also unsecured, is repayable over a period of eight years with a grace period of two years. Deutz has hedged the in
    Read More
  • Uzbekistan targets of 2,700km of new highways by 2019
    September 30, 2015
    Uzbekistan plans to build around 2,700km of roads by 2019 at a cost of around US$590 million. Around 2,280km will have a bituminous concrete surface and 418km will be a concrete surface. In July, the World Bank said it will grant Uzbekistan a $200 million loan for 25 years towards paying for the $240 million Regional Roads Development project that is scheduled to be completed by 2021, according to UzDaily.uz. Uzbekistan’s government also reported that around 117km roads were built in the first half
    Read More

Highlighted Content