EBRD to allocate $70 million to improve water supply infrastructure in Namangan
The European Bank for Reconstruction and Development will allocate $70 million to improve the water supply infrastructure of the Namangan region. The project will improve access to drinking water for 170 thousand people.
According to the press service of the organization, the EBRD will finance a project to improve water supply infrastructure in rural areas of Uzbekistan.
The project will improve access to drinking water for 170 thousand people in the Namangan region, living in Chust, Namangan and Pap districts.
The EBRD sovereign loan of up to $70 million will be provided to the regional water utility “Namangan Suv Ta’minoti”. The funds will be used to support the construction and rehabilitation of water intakes, distribution stations and networks, highways and water treatment facilities serving seven rural settlements of the region (Chartak, Chust, Jumashuy, Kyzyl-Rovat, Pap, Tashbulak and Uygur), as well as for the construction of treatment facilities, sewage pumping stations and networks in the villages of Chust and Jumashuy. The work will be co-financed by the contribution of the government of Uzbekistan in the amount of $14 million.
The investments will make it possible to connect about 115 thousand new users to water supply networks. Thanks to the new infrastructure, water losses will be reduced by 0.6 million cubic meters per year.
To date, the EBRD has invested more than €2.4 billion in 97 projects in the economy of Uzbekistan.
Related News
16:41 / 19.12.2024
EBRD expands its project portfolio in Uzbekistan
13:34 / 12.12.2024
Counterfeit drug manufacturer fined 37.5 million UZS in Namangan
22:49 / 07.12.2024
EBRD to explore opportunities for financing small and medium-sized businesses in Uzbekistan
14:13 / 27.11.2024