Japanese investors to provide funds for modernization of Uzbek railways
Published: Thu, 2015-03-26 08:56Uzbekistan Railways, Uzbek national rail carrier, has officially started implementation of the project for the electrification of the Karshi-Termez railway line, one of the longest rail lines in Uzbekistan.
The length of the rail line is 325 kilometers, while the volume of investments in the project is US$388.23 million. In addition to electrification, the project involves modernization of existing telecommunications devices, modernization of old equipment and the repair of electric locomotives.
The majority of funds for the project will be provided by the Japanese International Cooperation Agency (JICA) in the form of a loan.
Part of the Karshi-Termez railway line includes modernization of the Tashguzar-Baysun-Kumkurgan rail section, which was built in 2007, with the direct financial assistance from Japan.