China Development Bank loans $50 million USD to Uzbekistan for high tech park in Jizzakh
Commitment amount
$ 61494009.06706387
Adjusted commitment amount
$ 61494009.07
Constant 2021 USD
Summary
Funding agency [Type]
China Development Bank (CDB) [State-owned Policy Bank]
Recipient
Uzbekistan
Sector
Industry, mining, construction (Code: 320)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Geography
Description
In November 2011, the State Development Bank of China and National Bank of Uzbekistan for Foreign Economic Activity signed a loan agreement for $50 million USD to create a high tech park in the Jizzakh region of Uzbekistan. This high-tech industrial park aimed to be formally established by March 2013 and would be the third of the sort to be established in Uzbekistan, after those in Navoi and Angren. Deputy Minister for Foreign Economic Relations, Investments and Trade of Uzbekistan Shavkat Tulyaganov confirmed this at the Uzbek-Chinese Business Forum in Tashkent on March 31, 2012 and stated that construction would begin in the first half of 2013. The park was officially opened on November 11th, 2020 with the opening ceremony taking place.
Number of official sources
2
Number of total sources
7
Details
Cofinanced
No
Direct receiving agencies [Type]
National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) [State-owned Bank]