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Economy
03/11/2008
Abu Dhabi Fund for Development to invest US$278mln in irrigation of Uzbekistan
Abu Dhabi Fund for Development to invest US$278mln in irrigation of Uzbekistan
Tashkent, Uzbekistan (UzDaily.com) -- The Abu Dhabi Fund for Development (the United Arab Emirates) will realize three investment projects in agriculture of Uzbekistan in 2009, TrendCapital correspondent reported from Tashkent. Lump amount of lax long-term loans of this company will make up US$278mln, the Head Water industry Department of the Uzbek Ministry of Agriculture and Water Management told TrendCapital.
The company will allocate US$150mln to rehabilitation of main collectors in Khorezm Region. The project targets to improve soil-reclamation state of the irrigated lands.
The Abu Dhabi Fund for Development will issue US$70mln loan to improve management with water resources in Surkhandarya Region. The loan will be directed fully to reconstruct Khazarbag - Akkapchigay irrigation canal systems.
About US$58mln lax loans of the Emirate company will be directed to Bukhara Region. The loan will be spent to rehabilitate Khamza-1, the hugest plumping station in this region. Main objective is to increase water supply of the irrigated lands in this region of the country.
At present preliminary feasibility study are being developed on these three projects. The projects are included in investment program of Uzbekistan for 2009. Uzbek President Islam Karimov confirmed the document with his decree a while ago.
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