BAKU, Azerbaijan, Apr. 7
By Ilkin Seyfaddini – Trend:
Uzbekistan's Mobiuz mobile operator will undergo modernization, as part of the company's own funds and a 15-year loan from the China's Eximbank, Trend reports citing Uzbek media.
The Cabinet of Ministers adopted a resolution on modernization and expansion of communication systems of mobile operator Universal Mobile Systems LLC (TM Mobiuz) with participation of Export-Import Bank of China.
The document approves the main technical and economic parameters of the project. The total value of the project is $238.5 million, of which $127.5 million is the Chinese Eximbank's loan and $111 million is the company's own funds.
The contribution of Uzbekistan will be in the form of tax and customs privileges for $37.3 million. Chinese Huawei will also participate in the project.
Most of the money will be spent on purchase of machinery and equipment - $148.9 million. As a result, 2114 workplaces will be created, of which 586 will be new workplaces.
It is expected that the project will pay off in 98 months. The investment period is 45 months.
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