Uzbekistan Temir Yollari in 2015 to use investments for US$1bn
30/01/2015 15:48
Uzbekistan Temir Yollari in 2015 to use investments for US$1bn
30/01/2015 15:48
Tashkent, Uzbekistan (UzDaily.com) -- State joint stock railway company Uzbekistan Temir Yollari is planning to use investments for US$1 billion in 2015, General-manager and general engineer of the company Sherzod Ismatullaev said.
Sherzod Ismatullaev noted that the company used investments for US$480 million in 2013 and US$699.9 million in 2014.
He said that the investments will be used within the programme of development of industry of Uzbekistan in 2011-2015, programme for development infrastructure, transport and communication construction in 2011-2015, the presidential resolution on construction of electrified railroad Angren-Pap.
The company plans to launch electrified railroad Samarkand-Qarshi. The electrification works of Samarkand-Bukhara railroad started, which will allow to launch high speed railway communication between Tashkent and Bukhara, he noted.
Ismatullaev said that Uzbekistan Temir Yollari used investments for US$669.9 million in 2014. He said that resources were used to electrification of Maroqand-Qarshi and Qarshi-Termez, organization of high speed train communication Tashkent-Samarqand, construction of two-lane railroad Jizzakh-Yangiyer, rehabilitation of railroads, modernization of passenger and cargo wagons and locomotives. He said that the company modernized 54 locomotives, reconstructed 1,488 cargo wagons, constructed 650 cargo and 30 passenger wagons.
Ismatullaev said that the company used US$403.5 million within project on construction of electrified railroad Angren Pap in 2014 at the forecast volume of US$387.2 million.
He said that the project cost is US$1.2 billion and currently company used US$523 million of investments (43.6% from total investments).
In 2015, the railway company plans to modernize 240 km of railroads and construct 650 cargo and 20 passenger wagons, modernize 55 locomotives, he said.
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