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.
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.
