Uzbekistan, Kazakhstan Plan To Attract Financing For Kyzylorda-Uchkuduk Project
Date
6/14/2024 8:12:30 AM
(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.
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