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Finance 18/12/2013 Uzbekistan to attract WB loan t develop horticulture
Uzbekistan to attract WB loan t develop horticulture
Tashkent, Uzbekistan (UzDaily.com) -- The Government is planning to attract a loan of the World Bank for US$150 million to develop horticulture in the first quarter of 2014.

The project cost is US$160 million. The Board of directors of the World Bank will consider allocation of the loan in the first quarter of 2014.

The project envisages improving high quality raw base for fruit tinning and vine production industries with use of moderntechnologies.

The resources of the loan will be directed to purchase of new sorts of trees, development of technologies on creation of fruit gardens at limited areas, creation of infrastructure for storage of fruits.

Currently, Uzbekistan has about 70,000 farms and subsidiary entities, which specializes in horticulture and vineyard. They rented 5.3 million hectares of land. In 2012, Uzbekistan produced 2.05 million tonnes of fruits and barriers, as well as 1.2 million tonnes of grapes.

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