A meeting with the vice president of the Asian Infrastructure Investment Bank
20/01/2020 19:10
A meeting with the vice president of the Asian Infrastructure Investment Bank
20/01/2020 19:10
Tashkent, Uzbekistan (UzDaily.com) -- On 20 January, Minister of Investment and Foreign Trade Sardor Umurzakov met with the new vice president of the Asian Infrastructure Investment Bank (AIIB) Konstantin Limitovskiy.
The parties discussed topical issues of cooperation and the implementation of infrastructure investment projects in the development of water supply, sanitation, heat supply, landscaping and road construction.
It was emphasized that 2019 was a point of unprecedented growth in the scale of cooperation due to the launch of large infrastructure projects in Uzbekistan.
Limitovskiy announced that the current position of the AIIB leadership regarding the prospects for further activities in Uzbekistan is the accelerated implementation of the agreements reached and the consistent expansion of the portfolio of investment projects aimed at the comprehensive development of infrastructure and improving the living standards of the population.
Also within the framework of the meeting, a draft program of cooperation between AIIB and the Republic of Uzbekistan for 2020-2022 was considered, including the implementation of investment projects in the areas of housing and communal services, road construction, energy, affordable housing and private sector development in the field of infrastructure worth more than US$2.4 billion.
Among them are such large-scale projects as the modernization of the infrastructure of the Republic of Karakalpakstan, Bukhara and Khorezm regions, co-financing of the integrated development program Itijah medium-sized cities with the World Bank, co-financing the electrification of the railway "Bukhara-Urgench-Khiva" together with the Asian Development Bank.
Following the meeting, the agreement was reached on enhancing interaction within the framework of ongoing initiatives, bearing in mind the transition to the active phase of the practical implementation of projects, which will allow AIIB to strengthen its presence in Uzbekistan as a key financial partner.
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