Tashkent, Uzbekistan (UzDaily.com) -- The Fund for Reconstruction and Development of Uzbekistan (FRDU) will provide a loan of US$40 million to the khokimiyat of Tashkent for the construction of facilities at the Sergeli industrial park.

This is stipulated by the decree of the President of Uzbekistan "On measures for further development of the activities of special economic and small industrial zones in Surkhandarya region and the city of Tashkent."

A small industrial zone "Industrial Park Sergeli" was created in Sergeli district of Tashkent to deepen production cooperation and create new jobs.

The head of Uzbekistan instructed the FRDU to allocate a loan of US$40 million to the khokimiyat of Tashkent for the construction of facilities of the Sergeli industrial park. The loan is provided for a period of 3 years (including a one-year grace period) at a rate of 6-month LIBOR + 2%.

Funds are provided for construction and installation works and the construction of the necessary infrastructure.