Subscriber Login

Finance

VEB to fund Tashkent metro rolling stock, Uzbekistan [free access]

June 12, 2019

The National Bank of the Republic of Uzbekistan for Foreign Economic Activity has signed a EUR28 million loan agreement with the Vnesheconombank (VEB), a Russian development bank for the purchase of rolling stock for Tashkent Metro’s Sergili Line.

 

The Sergili Line will span 7.1 km (elevated) and have six stations. It is estimated to cost USD170 million. It is due to be completed by 2021.

 

(1 EUR [Euro] = 1.12 USD)