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Uzbek Telecom Company to Get 20m Dollars From China

February 17, 2007
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Text of report by Uzbek newspaper Pravda Vostoka on 17 February

The China Development Bank will invest over 20m dollars in a project to reconstruct and develop the telecommunications network of the Uzbektelekom [Uzbek Telecommunications] joint-stock company.

The country’s government, accepting the Uzbek Communications and Information Agency’s proposal on the joint project, has created good conditions for the investor by providing tax privileges.

(c) 2007 BBC Monitoring Central Asia. Provided by ProQuest Information and Learning. All rights Reserved.