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Finance 13/05/2017 FRDU and China Development Bank ink agreement for US$2bn
FRDU and China Development Bank ink agreement for US$2bn
Tashkent, Uzbekistan (UzDaily.com) -- Fund for Reconstruction and Development of Uzbekistan (FRDU) and China Development Bank signed an agreement on co-financing the projects for US$2 billion, deputy executive director of FRDU Shukhrat Vafoev said.

The document was signed during the state visit of the President of Uzbekistan Shavkat Mirziyoyev to China.

He said that the funds will be used to realize strategic investment projects. In particular, the funds will be used to implement projects on developing infrastructure, energy, automobile and rail roads, modernization of irrigation and drainage systems, etc.

Vafoev said realization of these projects will help to develop production capacities and service sector.

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