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Business


EBRD commits €333 million to support infrastructure upgrades in Uzbekistan


  • EBRD signs first infrastructure projects in Uzbekistan for almost a decade
  • €333 million investment to finance water and power supply and district heating projects
  • Capital city Tashkent and three regions will implement priority investment programmes

Following the adoption of a new country strategy for Uzbekistan, the EBRD is providing funds for the development of sustainable solutions for the municipal and power infrastructure sectors in the country.

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Under new agreements, the Bank is extending long-term loans to six infrastructure projects, collectively worth €333 million, which will help improve water supply and district heating services in the capital city, Tashkent, and in the Khorezm and Namangan regions, as well electricity transmission in the Navoi region.

Uzbekistan is home to almost 33 million people, which makes it the most densely populated country in Central Asia. For decades it has been suffering from underinvestment in public utilities such as district heating, water and wastewater infrastructure. Addressing urgent needs as well as long-term challenges, the EBRD has identified infrastructure investments as one of its priorities in the country.

The following projects with EBRD funding were signed:

To date, the EBRD has invested €9.3 billion through 61 projects in the economy of Uzbekistan.

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SUBMITTED BY Anton Usov

Source: Source: https://www.ebrd.com/news/2018/ebrd-commits-333-million-to-support-infrastructure-upgrades-in-uzbekistan-.html