Uzbekistan Receives Funding From EBRD To Rebuild Its Highways
Date
5/14/2024 10:50:19 PM
(MENAFN- Trend News Agency) TASHKENT, Uzbekistan, May 13. The European Bankfor Reconstruction and Development (EBRD) has allocated Uzbekistana loan of $238 million, Trend reports.
According to the EBRD, the funds will be used to modernize theA380 Urgench - Khanka - Khazarasp - Tashsoka - Amu Darya highwayand build a bridge over the Amu Darya river.
The sovereign loan will help rehabilitate about 81 kilometers ofthe 4P156 highway and build a bridge over the Amu Darya River inthe Khorezm region.
In Central Asia, Uzbekistan has received the most EBRDassistance for four years. A majority of the bank's roughly 4.42billion euros in 151 projects nationwide have supported privateentrepreneurship.
At the same time, Uzbekistan and EBRD adopted a new partnershipstrategy in small and medium business, women's entrepreneurship,alternative energy, digital technologies, and others.
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