Uzbekistan, Kazakhstan Plan To Attract Financing For Kyzylorda-Uchkuduk Project

(MENAFN- Trend News Agency) TASHKENT, Uzbekistan, June 14. The Ministries of transport of Uzbekistan and Kazakhstan have submitted proposals to the European bank for Reconstruction and Development, the European investment Bank, and other international financial organizations to finance the technical and economic basis of the Kyzylorda-Uchkuduk railway line project, Trend reports.

The news followed a meeting between Uzbekistan's Deputy Minister of Transport Mamanbiy Omarov and a delegation of the European Commission for International Cooperation.

During the meeting, the sides noted that the Kyzylorda-Uchkuduk railway line project stands as a priority in terms of bringing significant economic benefits to Uzbekistan and Kazakhstan and contributing to the development of regional integration and trade relations.

Both parties discussed projects related to the development of regional transport corridors.

Uzbekistan and Kazakhstan have already reached an agreement to build the Kyzylorda-Uchkuduk highway.

The highway is expected to be 280 kilometers long. Both countries plan to develop a feasibility study in 2024–2025 and begin construction of the road in 2025.


Trend News Agency

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