Uzbekistan electrifies Karshi-Kitab railway line

Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan starts to implement an investment project “Electrification of the Karshi-Kitab railway line with the organization of high-speed passenger trains”.

On 10 July 2017, President of Uzbekistan Shavkat Mirziyoyev approved measures on implementation of the investment project.

According to the resolution of the President, the investment project will be implemented in 2017-2018.

The estimated cost of the investment project is US$58.87 million, the resolution said.

Uzbekistan Temir Yollari (Uzbekistan Railways) will direct US$18.58 million of its own funds for implementation of the project. Uzbekenergo will invest US$7.31 million of own funds to the project.

About US$14.06 million will be issued due to the centralized investment. The Fund for Reconstruction and Development of Uzbekistan will issue a loan for US$18.92 million to Uzbekiston Temir Yollari to finance the project.

Uzbekenergo will finance design and construction of external power supply facilities within the framework of the investment project.

President of Uzbekistan granted tax and customs privileges to the participant of the investment project.

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