RIA Novosti reported quoting source in AGMK the loan was issued for 10 years with three year grace period. The interest rate was not disclosed.

In July 2012, AGMK signed an agreement with Dal Teknik Makina (Turkey) with the cost of US$97.6 million to develop working documentation of technologic part and supply equipment on “turnkey” basis for construction of capacities on production of 760,000 tonnes of Portland cement and 350,000 tonnes of white cement.

Within the project, it is planned to construct mine in Jizzakh region and construction of production infrastructures. Uzstroymaterialy joint stock company will render technical support to project implementation. The project will be implemented within two years.

The project with the cost of US$114.2 million is financed due to loans of the FRDU for US$74.2 million and own resources of AGMK – US$40 million.

According to AGMK specialists, the plant will allow satisfy demands of the combine in cement and supply 200,000 tonnes of cement to internal and external markets.