Chinese partners to fund Tashkent infrastructure push under $3.5 billion agreement

The city administration’s press service confirmed that the deals span infrastructure, transport, construction, ecology, and industry.

 Of the total, $3.35 billion relates to investment projects, while export contracts account for a further $156 million.

 A notable feature of the agreements is their funding model. The projects are structured under an EPC+F arrangement – engineering, procurement, construction, and financing – with Chinese partners covering the costs upfront. No state budget funds or government guarantees are involved. Repayments are planned over the long term, to be serviced through new revenue streams generated by the city budget.

 The agreed investment areas and their respective values are as follows: drainage, irrigation, and stormwater systems ($400 million); 24/7 branded street development ($100 million); residential construction in urban renewal zones ($500 million); bus rapid transit, overpasses, and road infrastructure ($1 billion); and joint projects for transport and social infrastructure ($1 billion).

 The forum also addressed the development of the Yangi Avlod special industrial zone. Meetings with Chinese technology and industrial firms – Jwise, Zhongke Honghu, CAS Cloud, and UMGG – resulted in investment cooperation agreements worth a combined $130 million. These are aimed at building out the zone's manufacturing and technology base, modernizing production management, and expanding Tashkent's high-tech project portfolio.

 Additional manufacturing agreements were also signed, covering decorative stone production ($150 million), smart waste-sorting equipment ($50 million), and ceramic products ($150 million).

 On the export side, three contracts for jewelry supplies were signed, totaling $150 million. Further agreements covered cotton yarn exports ($5 million) and silver concentrate shipments ($1 million).

 City officials say the projects will create jobs, accelerate infrastructure modernization, raise living standards, and strengthen Tashkent's export capacity.