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The American-Uzbekistan Chamber of Commerce (AUCC) seeks to promote trade and investment ties, cultural exchanges and bonds of friendship between the United States of America and the Republic of Uzbekistan. In performing these functions, the AUCC places primary emphasis on serving the needs and interests of its members.

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NEWS

Asian Development Bank to loan Uzbekistan $500M for roads

23 August 2011

The Associated Press of 8/23/2011 - The Asian Development Bank says it will lend Uzbekistan up to $500 million to help improve several hundred kilometers (miles) of road and boost transport links between Europe and Asia.

 

The bank said its board of directors Tuesday approved an initial $130 million tranche to reconstruct a 74-kilometer (46-mile) section of road in the densely populated Ferghana Valley, which is the site of the Central Asian nation's fertile agricultural heartland.

 

Uzbekistan is also contributing $100 million of its own money to a road-building program slated for completion by 2017.

Economic development across former Soviet Central Asia nations has been hamstrung since independence by crumbling and poorly maintained infrastructure.