Uzbekistan to complete reconstruction of M-39 road
23/12/2013 10:42
Uzbekistan to complete reconstruction of M-39 road
23/12/2013 10:42
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan is planning to complete reconstruction of automobile road “Tashkent-Termez”, the President of Uzbekistan Islam Karimov said at his speech at the extraordinary session of the Council of people’s deputies of Surkhandarya region.
Uzbek President stated that it is planned to complete works on reconstruction of 100 km part of the automobile road “Tashkent-Termez” (M-39) in 2014.
Islam Karimov underlined that the project is implemented with attraction of the loan of the Islamic Development Bank (IDB) for US$167 million.
President Islam Karimov said that Uzbekistan is planning to direct 30.7 billion soums to reconstruction of the part of national highway, which passes through territory of Surkhandarya region with extension of 66 km.
He said that about 4.4 billion soums were directed at repairing automobile roads of local importance. Islam Karimov said that Uzbekistan plans to issue 30.8 billion soums to this purpose in 2014.
The IDB provided a loan for US$167.2 million to Uzbekistan to reconstruction and modernization of highway M-39 in Surkhandarya region.
The IDB presented a loan for 20 years with four-year grace period under Istisna’a. This mode is applied in the financing of manufacturing of goods and equipment, as well as in the financing of construction works.
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