Uzbekistan Railways to implement 49 projects in 2017
01/03/2017 17:33
Uzbekistan Railways to implement 49 projects in 2017
01/03/2017 17:33
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan Temir Yollari (Uzbekistan Railways) will realize 49 investment projects in 2017, including 24 projects on the base of Tashkent Mechanical Plant.
The projects will be realized within investment programme of Uzbekistan for 2017, which was approved by the President of Uzbekistan in December 2017.
The company will use US$815.76 million due to all sources of financing in 2017. In particular, the company will utilize state budget resources for US$85.34 million, funds of the Fund of Reconstruction and Development of Uzbekistan – US$145.17 million and attracted resources for US$114.8 million.
About 168.07 million will be used due to resources of foreign investments under guarantee of the Government of Uzbekistan. The company will also attract US$97.01 million of investments. The volume of the foreign direct investments and loans will make up US$2.23 million.
Uzbekistan Temir Yollari will also direct US$414.95 million of own resources to finance investment projects.
It is planned to complete construction of railroad Bukhara-Misken, electrification of railroad Qarshi-Termez and start electrification of railroad Pap-Namangan-Andijan, construction of the second stage of Yunusabad line and Sergili line of Tashkent metro, construction of new plant on repairing of excavators and tracked vehicles.
Uzbekistan Temir Yollari will also implement 24 projects on organization of production materials and spare parts of Tashkent Mechanical Plant, a project on organization of the production of coal briquettes, modernization of capacities Turakurgan mechanical plant. The company will also receive two high-speed passenger trains Talgo-250.
It is also planned to repair and reconstruct 27 locomotives, 1,483 freight wagons, construct 800 freight and 15 passenger wagons, as well as repair 180 km of railroads in 2017.
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