IDB to channel $509.2mn towards modernization of infrastructure and social facilities in Uzbekistan
The Board of Directors of the Islamic Development Bank (IDB) approved the financing of two large-scale and economically significant projects in Uzbekistan for a total of $509.2mn.
The Board of Directors of the Islamic Development Bank (IDB) approved the financing of two large-scale and economically significant projects in Uzbekistan for a total of $509.2mn.
The first project worth $200mn provides for the modernization of a number of infrastructure and social facilities in the Republic of Karakalpakstan, as well as Khorezm, Bukhara and Navoi regions. The project includes the construction and reconstruction of 1,161 km of water supply systems, 626 km of access and intra-mass roads, 1,154 km of low-voltage power lines, 693 km of irrigation and drainage networks, 155 educational, medical and more than 100 other facilities. The implementation of the project is expected to improve the living conditions of more than 710,000 people.
The second project, for which the bank allocates $80mn, provides for the implementation of the second phase of the program to comprehensively improve the system of providing medical services to patients with cancer by equipping domestic clinics with modern medical equipment.
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