Currency rates from 04/10/2024
$1 – 12741.02
UZS – -0.13%
€1 – 14062.26
UZS – -0.45%
₽1 – 134.38
UZS – -0.5%
Search
Finance 04/04/2017 Gazprombank, Asaka Bank to co-finance metallurgy plant in Tashkent
Gazprombank, Asaka Bank to co-finance metallurgy plant in Tashkent
Tashkent, Uzbekistan (UzDaily.com) -- On 3 April, Asaka Bank and Russia’s Gazprombank signed an agreement on financing a project on construction of metallurgy plant in Tashkent city.

Within the document, Russian bank will issue resources to finance construction of the metallurgy plant in Tashkent.

The plant will produce cold rolled sheet and cold rolled sheet with a coating. The project cost is over 280 million euros. The construction of the plant will be produced soon. Industrial project will be launched in 2019.

The capacity of the Tashkent Metallurgical Plant will be 500,000 tonnes of products per year.

Fund for Reconstruction and Development of Uzbekistan will also provide about 100 million euros to the project. The project will help to decrease import of metal products.

Stay up to date with the latest news
Subscribe to our telegram channel