Follow us:
  • Facebook
  • Twitter
  • Google+
  • AppStore
  • RSS
Azernews.Az
Wednesday December 11 2019
  • Latest
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel
Home
  • Home
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel

EBRD names attractive transport projects in Uzbekistan

2 December 2019 18:15 (UTC+04:00)
766

By Trend

The road projects in Uzbekistan European Bank for Reconstruction and Development (EBRD) will be looking at will be determined in due course and prioritized on the basis of their expected impact to facilitating connectivity among urban centers, trade routes with neighbouring countries, and tourism, EBRD representative told Trend in an interview.

Recently, Director of Sustainable Infrastructure Policy and Project Preparation at EBRD Matthew Jordan Tank said that EBRD is ready to provide assistance and all kinds of support for the development of Uzbekistan’s road and transport sector, including through the use of public-private partnership (PPP) mechanisms.

"Connectivity is a key priority under the EBRD country Strategy for Uzbekistan approved in 2018 and PPPs can play an important role in advancing infrastructure investment across sectors in Uzbekistan without frontloading the country budget," the official added.

Following the adoption of a new country strategy for Uzbekistan, in 2018 the EBRD signed 12 projects worth almost €400 million, a record level of business for the Bank in the country in a single year.

"We resumed our activity in the country in late 2017 and our level of investment reflects the demand both from Uzbekistan’s public and private sectors for our financing. Our signed commitments for 2019 stand at 475 million euros marking a 20 percent increase from last year. This is underpinned by the reform drive initiated by the authorities and our commitment to support Uzbekistan’s transition," EBRD representative stated.

Last year, the EBRD Board of Directors approved a new strategy for Uzbekistan, which defines the bank's priorities for the next five years.

Significant investments were made in the municipal and power infrastructure sectors, including the rehabilitation of water and wastewater infrastructure in the Fergana Valley, as well as in banking and industry.

This year, the EBRD has already invested almost €250 million into Uzbekistan's economy.

To date, the EBRD has invested €1.3 billion through 70 projects in the economy of Uzbekistan. Support of small businesses is particularly important as the country moves to reform its economy and strengthen its private sector.

---

Follow us on Twitter @AzerNewsAz         

  • #UZBEKISTAN
  • #EBRD

Related News

Azerbaijan among TOP-10 countries by EBRD investments

Azerbaijan among TOP-10 countries by EBRD investments

10:34
Russian FM Lavrov to visit Uzbekistan in January 2020

Russian FM Lavrov to visit Uzbekistan in January 2020

9 December 13:56
Italy interested in importing Uzbek agricultural, textile products

Italy interested in importing Uzbek agricultural, textile products

9 December 12:12
Joint Kazakh-Uzbek demarcation commission sits in Almaty

Joint Kazakh-Uzbek demarcation commission sits in Almaty

8 December 16:21
Azerbaijan Industrial Corporation signs memorandum on development of sericulture with Uzbek company

Azerbaijan Industrial Corporation signs memorandum on development of sericulture with Uzbek company

7 December 11:37
Turkmenistan restores electricity supply to Uzbekistan

Turkmenistan restores electricity supply to Uzbekistan

6 December 16:12
Italian SME’s may transfer know-how to Uzbek ones

Italian SME’s may transfer know-how to Uzbek ones

6 December 13:17
EBRD to improve Uzbekistan’s attractiveness as investment destination

EBRD to improve Uzbekistan’s attractiveness as investment destination

4 December 16:28
Russian minister: Uzbekistan has potential to become second economy after Russia

Russian minister: Uzbekistan has potential to become second economy after Russia

3 December 18:25
Heads of Central Asian states identify areas of economic co-op in Uzbekistan

Heads of Central Asian states identify areas of economic co-op in Uzbekistan

29 November 15:27
  • Latest
  • Popular
11:47 • Turkey, Azerbaijan ink road transport document
11:32 • Public figures gather at stunning fashion festival [PHOTO/VIDEO]
11:16 • Penoplex company launches construction of thermal insulation boards in Azerbaijan
11:05 • Minister says Armenia in economic impasse due to its destructive policy
10:49 • Gold, palladium prices up in Azerbaijan
10:34 • Azerbaijan among TOP-10 countries by EBRD investments
10:18 • King Abdullah II of Jordan completes official visit to Azerbaijan
10:00 • Armenia violates ceasefire with Azerbaijan 21 times
10 December 20:12 • Azerbaijan, Russia open joint pharmaceutical factory [PHOTO]
10 December 19:57 • Azerbaijani farmers present national products in Dubai [PHOTO]
10 December 19:43 • Azerbaijan’s Azerishig reconstructing transmission lines, transformer substations
10 December 19:38 • Azerbaijani Economy Ministry talks on tax exemption for private entrepreneurs
10 December 19:21 • Azerbaijani gas to reach Italy in 2020
10 December 19:04 • Azerbaijan launches joint venture on organic fertilizer production
10 December 18:50 • Azerbaijani FM meets Pakistani envoy upon completion of diplomatic tenure
10 December 18:38 • Turkish holding eyes mining, extraction projects in Kazakhstan
10 December 18:27 • Heydar Aliyev İnternational Airport expands geography of flights, attracts new airlines
10 December 18:15 • Kazakhstan ratifies agreement with CIS countries to fight cybercrime
10 December 18:00 • Foggy weather expected in Baku
10 December 17:47 • China auto sales drop for 17th straight month in November
10 December 13:16 • Azerbaijan, Iran to build Rasht-Astara railway [PHOTO]
10 December 16:55 • Azerbaijan to cut down oil production in 2020 [PHOTO]
10 December 15:14 • Azerbaijan, Pakistan eye military cooperation
10 December 12:46 • France becomes Kazakhstan’s main trade partner in Europe
10 December 16:00 • Defense ministry denies reports on joints drills among Azerbaijan, Turkey, Qatar
10 December 12:15 • ADB grants Tajikistan $110 million for road construction
10 December 12:29 • WB says Tajik GDP growth to slow down
10 December 15:51 • Official welcoming ceremony held for King Abdullah II of Jordan in Azerbaijan [PHOTO]
10 December 14:29 • Azerbaijan's highest New Year tree to be set up
10 December 13:45 • Ministry: TAP, IAP can ensure Croatia's energy security
10 December 15:28 • Russia sees increase in number of Azerbaijani tourists
10 December 14:40 • Women’s rights highlighted in national essay contest [PHOTO]
10 December 15:54 • President Ilham Aliyev, King Abdullah II of Jordan have working dinner [PHOTO]
10 December 17:10 • Miss & Mister Top Model Azerbaijan 2020 invites models
10 December 19:21 • Azerbaijani gas to reach Italy in 2020
10 December 14:59 • Groundbreaking ceremony for Helicopter Service and Repair Center held in Azerbaijan [PHOTO]
10 December 19:04 • Azerbaijan launches joint venture on organic fertilizer production
10 December 13:30 • Azerbaijani junior athletes win two golds in Tokyo [PHOTO]
10 December 13:59 • Chairman: More ASAN centers expected to open in Azerbaijan by year-end
10 December 15:54 • President of Azerbaijan, King of Jordan hold one-on-one meeting [PHOTO]
See more
AzerNews Newspaper
AzerNews
  • Facebook
  • Twitter
  • Google+
  • RSS

Information

About us Contacts Advertising Azernews In Print

News Archive

© 2019 AzerNews. All rights reserved