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ADB approves USD121m loan to support Uzbek railway modernisation project

Asian Development Bank (ADB) approved (12-Nov-2020) a USD121 million loan to complete the railway modernisation project in eastern Uzbekistan. The loan supplements a USD80 billion financing arrangement signed in 2017 to support the electrification of a 145.1km railway line between Pap, Namangan, and Andijan. The development is expected to stimulate economic growth in the Fergana Valley and improve trade and regional connectivity. [more - original PR]

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