Uzbekistan, JBIC Reveal Portfolio Of Joint Projects

(MENAFN- Trend News Agency) TASHKENT, Uzbekistan, July 10. The portfolio of joint projects between Uzbekistan and the Japan Bank for International Cooperation (JBIC) has exceeded $3.7 billion, Trend reports.

This was revealed at a meeting between President of Uzbekistan Shavkat Mirziyoyev with a Japanese delegation headed by Chairman of JBIC Tadashi Maeda.

During the meeting the sides discussed the issues of expanding mutually beneficial cooperation and promoting cooperation projects with Japanese companies.

Both parties noted the the volume of mutual trade and direct Japanese investments in Uzbekistan's economy is growing and new joint ventures are being established.

The bank's investment projects in Uzbekistan cover petrochemical, textile, energy and infrastructure modernization spheres.

At the end of the meeting, Uzbekistan reached an agreement to adopt a three-year cooperation program with the Japan Bank for International Cooperation.

Earlier in April, Uzbekistan and JBIC discussed new socially significant international public-private partnership (PPP) projects on the modernization of drinking water supply and sewerage infrastructure.

Both parties also considered the prospects of attracting investments from Japanese companies in various sectors of the economy.

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