WB to finance urban project in Uzbekistan
By Trend
The World Bank will finance an urban project for the first time in Uzbekistan, Trend reports citing the message of the World Bank’s office in the country.
Residents of three cities in Uzbekistan will benefit from improved municipal services and urban infrastructure, thanks to the Medium-Size Cities Integrated Urban Development Project, approved on December 18 by the World Bank’s Board of Executive Directors.
The project will be supported by a $100 million loan from the International Bank for Reconstruction and Development, which is a member institution of the World Bank Group.
"The project will help improve people’s living conditions in targeted medium-size cities in Bukhara, Namangan and Tashkent regions, and support the Government’s goal of regional development," said Hideki Mori, World Bank Country Manager for Uzbekistan.
In Uzbekistan, medium-size cities, with populations of between 50,000 and 100,000 people, are the economic and services backbone of larger urban centers. Over 40 percent of the country’s urban population - 1.5 million people - are estimated to live in cities and towns with fewer than 100,000 inhabitants.