AIIB agrees $165m loan for Uzbekistan road project

In:

Social infrastructure

Region:

Asia-Pacific

The Asian Infrastructure Investment Bank has approved a $165.5 million loan to Uzbekistan to improve the road efficiency, safety and climate resilience of major cross-border roads in the Bukhara region.

The Bukhara Road Network Improvement Project Phase 1 will support the rehabilitation and maintenance of a 78km section of the international road A380.

The road’s expected improved operational efficiency will enhance movement of international freight and facilitate trading activities, resulting in wider benefits for agricultural and industrial sectors in the Bukhara Region. The AIIB financing will also pave the way for the next phase of the project, which covers rehabilitation and maintenance of international road M37 sections in and around the Bukhara region, as well as regional/local road networks in the Republic of Karakalpakstan and Khorezm regions.

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