ADB Plans To Provide Loan To Enhance Uzbekistan's Amu Darya River Basins
Date
8/21/2024 2:16:25 AM
(MENAFN- Trend News Agency)
TASHKENT, Uzbekistan, August 21. The Asian
Development bank (ADB) plans to grant a loan of $180 million for
the resilient Amu Darya river basin sector development program in
Uzbekistan, Trend
reports.
According to the bank, a total of $130 million will be granted
as concessional ordinary capital resources and $50 million for
ordinary capital resources.
The project will help to undertake a long-term and strategic
approach to deliver climate adaptive solutions for water resources
management in the Amu Darya river basins in Uzbekistan. Predicted
climate change impacts include increased temperatures, increased
frequency and severity of extreme events such as floods and
droughts, and a reduction of water availability and increased
variability of water flows in the major river basins.
The ADB noted that the decreasing availability and increased
water requirements by different sectors are leading to a growing
seasonal and absolute supply-demand gap. The water imbalance will
contribute to the instability of agricultural production.
Within the framework of the project, it is planned to create
reservoirs to reduce the risks of drought and floods, improve
irrigation, improve agriculture practices, and improve management
of the reservoir and related project components.
Uzbekistan joined the ADB in 1995. The bank has provided loans,
grants, and technical assistance amounting to $12.5 billion to
Uzbekistan.
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