Gov’t to allocate $354.36 million for metro construction in Tashkent

The project is being implemented in accordance with the presidential decree “On measures to implement the project “Construction of a ring overground metro line in the city of Tashkent”, Norma reports.

According to the approved feasibility study, the total cost of the project is $354.36 million, including:

•  state budget funds – $208.398 million;
•  funds of the Fund for Reconstruction and Development – $108.390 million;
•  a loan from the Eximbank of the People’s Republic of China – $500 million;
•  the state share – $37.076 million.

The size of capital investments for the project is $317.288 million, they will be directed to the purchase of machinery, equipment and construction-installation work.

The loan from Eximbank of China was provided for a period of 20 years, with a five-year grace period. The loan from the Fund for Reconstruction and Development – for 15 years with a four-year grace period.