FRDU to finance purchase of Mercedes-Benz buses
13/05/2013 15:15
FRDU to finance purchase of Mercedes-Benz buses
13/05/2013 15:15
Tashkent, Uzbekistan (UzDaily.com) -- Fund for Reconstruction and Development of Uzbekistan (FRDU) will fully finance purchase of 100 units of Mercedes-Benz Conecto Low Floor buses, spare parts and diagnostic tools for them for Tashkent city.
The Government of Uzbekistan issued a resolution “On measures on further updating passenger buses fleet of Tashkent city” on 3 May 2013.
According to the document, Toshshahartranshizmat Association and EvoBus GmbH (Germany) signed an agreement for supply of 100 city passenger buses of Mercedes-Benz Conecto Low Floor model to Tashkent city, spare parts and diagnostic tools for them in 2013. The cost of the deal is 14 million euros, of which 13.75 million euros will be used to purchase buses and 250,000 euros for spare parts.
The resolution said that the FRDU will fully finance the agreement. The FRDU will issue loan for 15 years with three-year grace period.
Interest rate on loan set at 0.5% APR and 0.25% APR – margin of refinancing bank – Uzpromstroybank.
The Government entrusted Minister of Finance of Uzbekistan to issue guarantee on behalf of Uzbekistan on liabilities of Toshshahartranshizmat Association to Uzpromstroybank on attracted loan of FRDU.
The Uzbek government also exempted imported buses and spare parts to them from customs duties, except customs registration fee.
Within the signed agreement, EvoBus GmbH will deliver 30 units of city passenger buses till 1 September 2013, 20 units – till 1 October 2013 and 50 units – till 1 November 2013.
16/05/2024Read more
16/05/2024Read more
$ 1 | 12670.05 | +0.299% |
1 | 13560.75 | +0.610% |
₽ 1 | 138.00 | +2.686% |