TASHKENT. June 30 (Interfax) – The government of Uzbekistan and China National Chemical Engineering Group Corp. have signed a $45 million contract for building water mains in the Fergana and Andizhan regions, a government source told Interfax.
He said that would be a turnkey project.
The new water mains will have the yearly capacity of 38 million cubic meters, and the project will cost $48.3 million.
The Export-Import Bank of China will issue a $44.97 million loan refinanced by the National Bank for Foreign Economic Activity of the Republic of Uzbekistan, and the Suvokava (Vodokanal) Company based in Fergana will also contribute to the project.
The loan agreement will be signed in the near future.
The water mains will be part of the project, which aims at the drastic improvement of water supplies in Fergana, Margilan and adjoining townships. Uzbek President Islam Karimov approved the project.
Uzbekistan is implementing another three investment projects in water supplies, including the one in Buhara and Samarkand funded with a $40 million loan of the International Bank for Reconstruction and Development, the projects in Gulistan, Jizak and Karshi, and villages in the Navoi and Kashkadarya regions funded with $36 million and $25 million loans of the Asian development Bank.
The Export-Import Bank of China opened a $300 million credit line for Uzbekistan in 2004. The National Bank for Foreign Economic Activity of the Republic of Uzbekistan has received $212 million from the credit line and funded six projects in the areas of telecom, land reclamation, electric power, oil and gas.
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