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NEWS

Uzbekistan to invest US$8.5bn to development of transport infrastructure

14 January 2013

http://uzdaily.com of 1/14/2013 - Uzbekistan will invest US$8.5 billion to development of transport infrastructure by 2015, local newspaper Uzbekistan Today reported.

The paper said that Uzbekistan plans to implement projects worth US$8.5 billion both due to foreign investments and own resources.

Uzbekistan is planning to increase the volume of cargo transit through its territory and to implement projects to develop transport infrastructure.

According to assessment of experts, the growth of cargo transit in Uzbekistan can reach up to 1 million tonnes a year in 2015-2020. In nine months of 2012, some 985,200 tonnes of cargo were transported in Uzbekistan by all transport types, which rose by 5.1% year-on-year. At the same time, the freight turnover was 62.2 billion tonnes-km and has exceeded the level of January-September 2011 by 7.9%.

Currently, Uzbekistan continues to implement a complex of measures on development of production, transport and engineering-communication infrastructure. Uzbekistan plans to implement projects worth US$8.5 billion both due to foreign investments and own resources.

It is planned to construct new railroads (150 km), modernize and rehabilitate existing highways (1030 km), electrification of railroads (715 km), update rolling-stock.

Experts noted that this will help to form new transport corridors in Uzbekistan, which will help the country to access international transport corridors, increase cargo transit and assist to access regional and international transport, as well as expand export potential of Uzbekistan.

The country pays special attention to development of transport-transit potential, logistic centers, multimodal transport-logistic junction at the base of Navoi international airport, managed by Korean Air. In 2008, Uzbekistan Havo Yollari signed agreement on creation of international logistic hub at Navoi international airport.

The sides constructed new parking sites for cargo planes Boeing-747 and new freight terminal, which allows to render all types of cargo transportation services, including storage. Currently, Uzbek and Korean sides are working on increasing cargo load of the hub.