Tashkent signs US$3.5 billion agreements with Chinese partners

Tashkent, Uzbekistan (UzDaily.com) — A delegation from Tashkent has signed a series of investment agreements with Chinese partners worth over US$3.5 billion at the Uzbek-Chinese interregional forum in the city of Xi’an, according to the press service of the city administration.

During the forum, the sides discussed projects in urban infrastructure, transport, construction, environmental protection and industry. Special attention was given to the development of public spaces and transport systems, the introduction of parking solutions, and the implementation of engineering projects.

A total of eight investment agreements were signed across different sectors. Project financing will be provided by the Chinese side under the EPC+F model without the use of budget funds or state guarantees. At the same time, the Tashkent city administration plans phased payments in the long term through the creation of new sources of revenue for the city budget.

According to the data presented, the agreements include:

* US$1 billion for the development of road infrastructure, creation of Bus Rapid Transit (BRT) lanes and overpasses;

* US$1 billion for the development of transport and social infrastructure;

* US$500 million for the construction of multi-storey residential complexes in renovation zones;

* US$400 million for improving drainage systems, irrigation and stormwater management;

* US$150 million for the production of decorative stone;

* US$150 million for the production of ceramic products;

* US$100 million for the creation of 24-hour “branded streets”;

* US$50 million for the production of waste sorting equipment.

Separately, development of the “Yangi Avlod” industrial zone was reported. Cooperation agreements worth US$130 million were signed with companies including Jwise, Zhongke Honghu, CAS Cloud and UMGG. The documents are aimed at developing production and technological infrastructure and introducing modern solutions in industrial management systems.

The forum also saw the signing of three export agreements for Uzbek jewelry products worth US$150 million. Additional planned exports include US$5 million of cotton yarn and US$1 million of silver concentrate.