A PPP Project Development Fund is being formed in Uzbekistan

Tashkent, Uzbekistan (UzDaily.com) -- The President signed Resolution “On measures to create a Fund for the development of public-private partnership projects in Uzbekistan,” Norma reports.

The European Bank for Reconstruction and Development (EBRD) is creating a Group to manage the Fund for the Development of Public-Private Partnership Projects in Uzbekistan.

For reference: The Fund will be managed by the EBRD for 5 years, subject to subsequent extension.

The fund is formed from grant funds in the amount of 10 million euros attracted by the EBRD, and loan funds from the EBRD in the amount of 10 million euros provided to the republic.

The fund finances the services of consultants on PPP projects worth over US$10 million.

PPP projects worth the equivalent of over US$10 million are placed on the international platform “SOURCE”.

A forecast schedule for the repayment of borrowed funds allocated by the EBRD is also approved.