Uzbekiston Temir Yollari to purchase 7 electric trains and 2 rail buses
Tashkent, Uzbekistan (UzDaily.com) - As part of the participation of the delegation of the National Bank of Uzbekistan at the XXIV St. Petersburg International Economic Forum (SPIEF-2021), held in St. Petersburg (Russia) on 2-5 June 2021, meetings were held with the leadership of the State Development Corporation "VEB.RF" in the person of the Deputy Chairman, Board Member Daniil Algulian.
On the agenda of the meeting, issues of current interaction were discussed, new points of growth and promising projects for joint financing for 2021 were identified. As a result, an agreement was reached on joint financing of a new project of Uzbekiston Temir Yollari for the purchase of 7 electric trains and 2 rail buses produced by JSC "Demikhovsky Machine-Building Plant" and JSC "Metrovagonmash".
The cost of the project is estimated at 4.8 billion Russian rubles, financing will be carried out within the framework of the current program of the Ministry of Industry and Trade of the Russian Federation to subsidize Russian exports.
Attraction of financing in rubles is a logical sequence of the implementation of the VEB.RF initiative on Joint Approaches to the issue of expanding the use of national currencies in the SCO area.
It is planned to attract structural subdivisions of the Russian Export Center JSC group (Roseximbank JSC and EXIAR JSC) to finance this project, which will finance 100% of the value of export contracts.
The delivery of trains will create additional convenience for the population, will serve the development of the country's transport infrastructure, will provide continuous and timely rail communication between the neighboring regions of the republic, in particular, Tashkent, the Tashkent region and the Fergana Valley, as well as create new jobs.
VEB.RF is the main partner of the National Bank of Uzbekistan in attracting subsidized subsidized financing under the program of the Ministry of Industry and Trade of Russia. During the meeting, the high performance of the past year was highlighted, during which a number of loan agreements were signed in the amount of 14.2 million euros and 5.65 billion Russian rubles, respectively, within the framework of projects providing for the supply of five modern mainline electric locomotives and production. Particular attention was paid to the opening of the first preferential credit line in Russian rubles with the participation of Roseximbank JSC. As well as within the framework of bilateral cooperation over the past years, 5 projects in the field of hydropower, heat power, transport and urban infrastructure development have been financed for a total of 206 million euros.