TASHKENT, Uzbekistan, June 21. Uzbekistan’s telecom sector took a major step forward with the signing of a $500 million loan agreement between Minister of Investment, Industry and Trade Laziz Kudratov and Chen Huaiyu, Chairman of the Board of the Export‑Import Bank of China (China Eximbank), Trend reports.
This capital infusion will accelerate the deployment of
essential information technology infrastructure initiatives
nationwide.
In the course of the meeting, stakeholders engaged in a
comprehensive dialogue regarding the trajectory of existing
contracts and the potential for synergistic collaboration in
emergent sectors, encompassing hydropower infrastructure
undertakings, initiatives aimed at advancing sustainable
agricultural practices, and the optimization of the transportation
grid. Minister Kudratov underscored the critical necessity of
expeditiously propelling the nascent telecommunications initiative,
articulating assurance that Eximbank’s backing will yield favorable
outcomes for Uzbekistan’s digital evolution.
China Eximbank has consistently served as a pivotal stakeholder in
the paradigm shift of Uzbekistan's economic landscape. Since its
inception in 2002, it has facilitated 51 collaborative initiatives
aggregating to a substantial $3.2 billion across diverse sectors
such as infrastructure development, renewable energy solutions,
transportation systems, agricultural advancements, water resource
management, educational frameworks, and healthcare innovations. At
present, there are two supplementary initiatives in progress,
aggregating to a total of $1.9 billion, alongside 13 further
proposals under evaluation, collectively appraised at $2.2
billion.
