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The European Investment Bank will open an office in Uzbekistan until the end of the year
The bank plans to finance projects of transport infrastructure and water economy, including the project to improve the transport system in Karakalpastan and Samarkand.
Until the end of 2025, the regional office of the European Investment Bank (EIB) will begin work in Tashkent. This was announced by the senior specialist of the Bank for loans to David Montuzzi in the framework of the IV Tashkent International Investment Forum.
According to him, in April of this year, a memorandum on the creation of the EIB representative office in Uzbekistan was signed at the Samarkand summit. This step opened the doors for closer interaction and new investment capabilities.
“We finally signed an agreement with the Government of Uzbekistan. It will allow us to open the office by the end of this year, ”said Montuzzi.
The bank plans to focus on the sustainable development of infrastructure, including transport and water economy. Among the priorities - the implementation of projects in Karakalpakstan and Samarkand, aimed at improving road traffic in overloaded and narrow areas. Initiatives in the field of irrigation, road construction and modernization of railway lines are also being worked out. In this, EIB relies on the experience of his team from more than 400 engineers.
Monguzzi emphasized that Eib, being the financial institution of the European Union, seeks to transfer to Central Asia the best European practices in the field of sustainable infrastructure.
“We are focused on the development of relations and begin to work on the embodiment of the memorandum of the understanding, signed by us with the Ministry of Transport, in practical projects in Karakalpakstan, as well as in the area of the city of Samarkand. Thus, we want to take specific steps to improve the situation in areas where the movement has already been slowed or overloaded, ”concluded EIB senior credit specialist.
EIB also plans to sign four memorandum of mutual understanding with Tajikistan, Kyrgyzstan and Uzbekistan, which provides for funding in the amount of € 365 million. The funds will be sent to projects for sustainable transport, regulation of water resources and increasing resistance to climatic changes.
In addition, the bank expressed interest in participating in the construction of paid roads and the potential financing of the high -speed railway between Tashkent and Samarkand. Credit lines for logistics and transport companies in the country are also considered.
Earlier, Spot wrote that by the end of the year BYD will bring the premium brand Denza to the Uzbekistan market.
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