World Bank assists Uzbekistan in building country's first ever privately financed toll road

By bne IntelIiNews April 13, 2021

The World Bank’s Global Infrastructure Fund has provided a $350,000 grant for the preparation of a preliminary feasibility study for the construction of the 340-kilometre Tashkent-Andijan highway – it will be the first ever privately financed toll road in Uzbekistan.

Construction of the route is expected to cost over $2bn.

“The upgrade will be to expressway standards, using the public-private partnership model. This PPP would be the first in the Uzbekistan road sector, making it a milestone in history and a catalyst for future work coming to the market”, said Mansur Bustoni, transport sector specialist at the World Bank Office for Uzbekistan.

“I would like to emphasize that it is premature now to discuss toll tariffs since they will be determined only after the PPP is tendered and contracted. There are several stages before the tariffs are defined. So far, the Pre-Feasibility Study demonstrated that the project can be further developed. In the next stage of the Pre-Investment Study, technical, financial, economic, legal, environmental, and social aspects of the project will be assessed and determined. Following this, an international competitive tender will indicate the final tariffs for the specific road sections that will be offered by the participating bidders”, he added.

Related Articles

Profit of Russian VTB Bank down by 33% in 2M24

Russia’s second-largest bank state-controlled VTB posted a 33% year-on-year decline in net IFRS profit to RUB61.3bn, according to a report by the bank. VTB still plans ... more

Fitch sees “tangible” progress in Uzbek banking reform but warns further improvements may take longer

Fitch Ratings has issued a note highlighting “tangible” progress in the past four years in the reform of Uzbekistan's ... more

EBRD extends €75mn risk-sharing facility to Croatian bank PBZ

The European Bank for Reconstruction and Development (EBRD) has allocated a €75mn for risk-sharing facility to Privredna banka Zagreb (PBZ), a part of the Intesa Sanpaolo Group, as part of a new ... more

Dismiss