AIIB considering infrastructure projects in Uzbekistan

aiib-018

TASHKENT (TCA) — President of Uzbekistan Shavkat Mirziyoyev on August 8 in Tashkent received the President of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun, who was on a working visit to Uzbekistan.

At the meeting, the parties discussed issues of developing mutually beneficial cooperation in implementation of promising projects in Uzbekistan — modernization of water management facilities, development of energy infrastructure, construction of modern automobile roads, electrification of railways, expansion of the Tashkent subway network, and others — with a total cost of US $2.7 billion, the press service of the Uzbek president said.

Opportunities for cooperation in creating a mechanism of attracting private direct investment to the implementation of joint projects were emphasized.

President Mirziyoyev congratulated the AIIB head on the successful start of the Bank’s operation – a new international financial institution designed to promote formation of modern and reliable infrastructure in the Asian continent.

The Asian Infrastructure Investment Bank, established in 2015 with headquarters in Beijing, is actively participating in financing 17 investment projects in various countries of the world.

Last November, Uzbekistan finalized domestic procedures within the framework of the adopted articles of the Agreement on the establishment of the Bank, becoming a full member of this international organization.

At the meeting, the president of the Asian Infrastructure Investment Bank emphasized the Bank’s readiness for long-term and full-scale cooperation with Uzbekistan.

Sergey Kwan

TCA