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Finance 28/10/2009 NBU to attract foreign loans to finance local projects
NBU to attract foreign loans to finance local projects
Tashkent, Uzbekistan (UzDaily.com) -- National Bank for Foreign Economic Activity of Uzbekistan (NBU) plans to increase the volume of attracted loans from current US$690 million to US$1 billion by the end of 2009.

The bank said it is planning to attract loans to finance such projects as construction of combined-cycle plant at Navoi thermal power plant, construction of propane-butane mixture facility to increase liquefied gas production at Mubarek Gas Processing Plant.

The resources will be also used to finance creation of the Center on basic technical maintaining aircrafts of the Western production at the capacities of Tashkent Aircraft Production Plant named after Chkalov and development of information-communication structure of Uzbektelecom in rural areas.

NBU has established cooperation with such international financial institutions as IDB, ADB, IMF, Interbank Union of the SCO, etc.

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