IDB, ADB to finance construction of houses in Uzbekistan
23/03/2015 14:55
IDB, ADB to finance construction of houses in Uzbekistan
23/03/2015 14:55
Tashkent, Uzbekistan (UzDaily.com) -- The Government of Uzbekistan with its resolution approved additional measures on ensuring efficient realization of a programme on construction of individual houses on standard projects in rural areas in 2015 and parameters of construction for 2016.
The resolution noted that Uzbekistan and Islamic Development Bank (IDB) signed an Istisna’a agreement and agent agreement on providing financial resources for US$100 million to finance the project “Development of habitation construction in rural areas”.
Ministry of Economy of Uzbekistan will be a body, which will coordinate implantation of the project with participation of the IDB. Qishloq Qurilish Invest will be an executive agency, which will be responsible for the project implementation. Qishloq Qurilish Bank set as financial agent, responsible for using and servicing IDB financial resources.
The document said that IDB resources will be used to construction of 1,100 individual houses on standard projects in rural areas in 2015. The houses will be constructed in Samarkand region (355 houses), Tashkent region (385) and Ferghana region (360).
About 10,900 individual houses on standard projects in rural areas will be conducted due to loan of the Asian Development Bank (ADB) in 2015, the document said.
The resolution also envisages other measures on financing and purchasing construction materials for building individual houses on standard projects in 2015-2016.
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