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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.
Interview with AUCC Chairperson Carolyn Lamm Before 2012 Uzbekistan-US Annual Business Forum
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Uzbekistan to reconstruct a motor road in the country’s east for $265 million
Until 2016 Uzbekistan will reconstruct the Pungan-Namangan motor road (4P112) in the east of the country for $265 million, according to a decree of Uzbek President Islam Karimov published in local media.
The project will reconstruct the 75-kilometer road which is part of the Tashkent-Osh highway (A-373), replacing the existing two-lane asphalt surface with a four-lane concrete surface. The road is part of a transport ring connecting major cities of Uzbekistan’s Fergana Valley (Andijan, Namangan, and Fergana regions in the east of the country).
A tender to choose a contractor for the project will be announced in the fourth quarter of this year.
The project will be financed through a $220 million loan from the Asian Development Bank (ADB) and $45 million from the Uzbek government.
To date, Uzbekistan has attracted ADB funds totaling $1.1 billion for the construction of its national highway network. The money has been used to reconstruct several sections of Guzar-Bukhara-Nukus-Beinau (A-380) and Tashkent-Andijan (A-373) roads with a total length of 450 km.
Besides the ADB funds, Uzbekistan has attracted $167.2 million from the Islamic Development Bank, $20.4 million from the Kuwait Fund for Arab Economic Development, and $30 million from the Saudi Development Fund.
In May 2009, the president of Uzbekistan approved a program to build a national highway network worth $3.44 billion until 2015. The program plans to build four road sections with a total length of 2,306 km. The program is financed by the Uzbek government ($2.07 billion) and through loans from international financial institutions.
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