Uzbekistan to take out further road building loans

Uzbekistan will take out a US$405 million loan with the Asian Development Bank in the second half of this year for completion of a motorway from Central Asia to China. ADB will provide three loan in three tranches. Last autumn, Uzbekistan said it will target of 2,700km of new highways by 2019 at a cost of around $590 million. Around 2,280km will have a bituminous concrete surface and 418km will be a concrete surface. Uzbekistan has been setting out a major plan for road repairing, rebuilding and up
February 15, 2016 Read time: 2 mins
Uzbekistan will take out a US$405 million loan with the Asian Development Bank in the second half of this year for completion of a motorway from Central Asia to China.

ADB will provide three loan in three tranches.

Last autumn, Uzbekistan said it will target of 2,700km of new highways by 2019 at a cost of around $590 million. Around 2,280km will have a bituminous concrete surface and 418km will be a concrete surface.

Uzbekistan has been setting out a major plan for road repairing, rebuilding and upgrading. The Uzbek Road Fund is allocating a budget of $1.02 billion that will be used for the construction and repair of the country’s roads this year.

Of this budget the largest slice, $544 million, will be used to construct key national routes and improve the country’s links with its neighbours. A further $306 million will be used for important trunk roads, while the country has set a budget of $34 million for upgrading its road equipment. Of the planned budget, $119 million should be provided by international finance sources.
Finance & Funding

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