World Bank finances Uzbekistan road development

The World Bank will grant Uzbekistan a US$200 million loan for 25 years, including a grace period of five years. The funds will go towards 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 of this year.
July 7, 2015 Read time: 1 min
The 2332 World Bank will grant Uzbekistan a US$200 million loan for 25 years, including a grace period of five years.

The funds will go towards the $240 million Regional Roads Development project that is scheduled to be completed by 2021, according to %$Linker: 2 External <?xml version="1.0" encoding="utf-16"?><dictionary /> 0 0 0 oLinkExternal UzDaily.uz Visit uzdaily.uz website false http://uzdaily.uz/ false false%>.

Uzbekistan’s government also reported that around 117km roads were built in the first half of this year.
Finance & Funding

For more information on companies in this article

Related Content

  • Turkmenistan starts construction of Ashgabat-Turkmenbashi road
    May 8, 2015
    Turkmenistan has started construction of the 544km Ashgabat-Turkmenbashi highway under a public-private partnership contract. The deal is expected to cost between US$800-900 million for every 2km or so of road construction from Ashgabat in central Turkmenistan to Turkmenbashi, a city of around 90,000 on the eastern coast of the Caspian Sea. For a YouTube video graphic representation of the highway, click here. To see World Highways report onTurkmenistan’s highways projects in 2011, click here. Türkmenb
    Read More
  • IRF calling for road safety presentations for Saudi Arabia and Washington DC events
    October 12, 2015
    The International Road Federation (IRF) is calling for presentations on road safety for events in Saudi Arabia and Washington DC. These presentations should be on Roadside Safety, Work Zone Safety and Vulnerable User Safety. They will be made at the IRF Middle East Regional Congress in Riyadh, Saudi Arabia from December 15th to December 17th, 2015.
    Read More
  • Slovakia to tap into the European Fund for Strategic Investment
    December 4, 2014
    The Slovak Finance Ministry has confirmed that it has earmarked two projects for which it will apply to the EU for funds from the newly created European Fund for Strategic Investment (EFSI). European Commission President Jean-Claude Juncker recently announced the creation of the US$26.2 billion EFSI fund as part of EC's $388 billion three-year investment plan to boost Europe's struggling economy. The two projects for which Slovakia plans to apply for funds from EFSI are the completion of the construct
    Read More
  • Seoul, city of contemplation and the 25th World Road Congress
    March 18, 2015
    It’s been a decade since South Korea’s capital city Seoul took the bold step of replacing a major urban throughway with a park, complete with a river, to create the Cheonggyecheon Walkway. Now, Seoul is getting ready to host the 25th World Road Congress from November 2-5. The event is being produced in cooperation with the Ministry of Land, Infrastructure and Transport of the Republic of Korea, the Korea Expressway Corporation, the Korea Road & Transportation Association and the PIARC Korean National Commit
    Read More

Highlighted Content