Uzbekistan Receives Funding From EBRD To Rebuild Its Highways


(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.

MENAFN14052024000187011040ID1108213774


Trend News Agency

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.