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Overview

China Development Bank loans $50 million USD to Uzbekistan for high tech park in Jizzakh

Commitments (Constant USD, 2023)$56,824,857
Commitment Year•2011Country of Activity•UzbekistanDirect Recipient Country of Incorporation•UzbekistanSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Nov 1, 2011

Geospatial footprint

Map overview

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The purpose of this project was to provide a loan for Uzbekistan's high tech park in Jizzakh. More detailed locational information can be found at: https://www.openstreetmap.org/relation/196254

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

  • China Development Bank (CDB)

Receiving agencies

State-owned Banks

  • National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU)

Loan desecription

China Development Bank loans $50 million USD to Uzbekistan for high tech park in Jizzakh

Interest type•Unknown

Narrative

Full Description

Project narrative

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.