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.
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.
Addressing urgent needs as well as long-term challenges, the EBRD has identified infrastructure investments as one of its priorities in the country.
In addition, Uzbekistan has one of the highest energy and carbon intensities in the region. It is also vulnerable to the impacts of climate change and confronted with water shortages. The EBRD-financed projects will help address these issues and contribute to the government’s large-scale municipal investment programme.
The following projects with EBRD funding were signed:
- Tashkent Water: a €26.1 million loan aimed at the rehabilitation of water and wastewater infrastructure in the capital of Uzbekistan.
- Namangan Water: a €52.2 million loan to support the rehabilitation of the water and wastewater infrastructure in the Namangan region.
- Khorezm Water: a €52.2 million loan for the rehabilitation of water and wastewater infrastructure in the Khorezm region.
- Tashkent District Heating: two loans worth €43.5 million and €87 million respectively for the rehabilitation of heat distribution and generation infrastructure in the capital of Uzbekistan.
- UzbekEnergo Muruntau Substation: a €71.7 million loan aimed at increasing the efficiency and reliability of the power transmission system in the Navoi region.
To date, the EBRD has invested €9.3 billion through 61 projects in the economy of Uzbekistan.
Original source: EBRD
Published on 16 October 2018
