15:20 / 16.10.2019
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EBRD plans to allocate $90 million loan for modernization of the sewage system in Khorezm region

Khorezm Water project is the only signed and committed infrastructure project of the European Bank for Reconstruction and Development (EBRD) in the Khorezm region of Uzbekistan, Trend writes citing an EBRD representative as saying.

“A 52.2 million euro loan for the rehabilitation of water and wastewater infrastructure in the region was signed in 2018 and is being implemented,” the representative said at an interview.

The official noted that the project includes construction of new water intakes, renewal of pumping stations, water and wastewater treatment facilities, and the installation of household and bulk meters.

“Similar water/wastewater projects were signed in Tashkent and the Namangan region in 2018. They both are being implemented as well,” spokesperson noted.

The official then talked about the possibility of EBRD providing a loan of $90 million for modernization of the sewage system in the Khorezm region.

“The project is at its initial stages of development,” said the official.

Considering Uzbekistan's plans to increase the share of renewable energy in the energy sector to 25% of the total electricity generation till 2030 the spokesperson of EBRD noted that this is very commendable effort supported by the EBRD, because the bank itself is committed to carbon-free operations and is well on the way to meeting a target of dedicating a 40-percent share of investments into the green economy by 2020.

“For Uzbekistan it is a long way to go but these are steps in the right direction,” the representative stated.

The representative added that there are three main areas of EBRD activity in Uzbekistan, namely the enhancement of competitiveness by strengthening the role of the private sector; the promotion of green energy and efficient use of resources; the support increased regional and international cooperation and integration.

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