FRENCH DEVELOPMENT AGENCY ALLOCATES €105 MILLION TO UZBEKISTAN FOR REGIONAL PROJECTS
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24.03.2022


Kun.uz (23 March 2022)

 

On March 18, Shavkat Mirziyoyev signed a resolution on the implementation of two projects with the participation of the French Development Agency (AFD), Spot reports citing the document available in the Lex.uz database.

The AFD approved a loan of a total of €105 million to Uzbekistan, and the European Commission – a grant of €9 million through the agency. The funds will be used to implement two projects:

1. Construction of sewerage systems in the Karmana district, Navoi region. The total cost of the project is €28 million, of which 24.7 million is a loan from the AFD (for 20 years with a 6-year grace period), 3.3 million is Uzbekistan’s contribution in the form of VAT coverage and provision of benefits on customs payments. The project is designed for 6 years – from 2022 to 2027.

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