TASHKENT, Uzbekistan, October 28. Uzbekistan is preparing to boost its transportation infrastructure by procuring six high-speed trains from the South Korean Hyundai Rotem, specializing in manufacturing of rolling stock, military equipment and plant engineering, Trend reports.
This project will receive its financial backing from the South Korea Economic Partnership Development Fund (EDCF), which will provide a loan in the amount of 185 million euros.
The loan is established to carry a preferential rate of 0.1 percent and will remain in effect until 2058.
Earlier this month, Uzbekistan Railways and Czech Škoda Group automobile company signed a contract for the supply of 30 electric trains worth 320 million euros.
The production of four-car trains for the broad-gauge railway will begin in 2024. The production of the main parts will be carried out at the plant in the Czech Republic’s Ostrava, while part of the assembly of cars will be held in Uzbekistan.
Overall, Uzbekistan is actively engaged in the enhancement and modernization of its transportation systems to elevate the quality and efficiency of cargo transportation.
Significant investments are directed towards the expansion and modernization of the road network, the improvement of rail transport conditions, the modernization of airports, and the development of seaports.