Uznabank and Silk Road Fund Sign Agreement on Financing Infrastructure Projects in Uzbekistan

During the visit of the delegation from Uzbekistan, led by Prime Minister Abdullah Aripov, Uznabank and the Silk Road Fund concluded an Agreement. This agreement provides for the financing of large infrastructure projects in Uzbekistan totaling up to 395 million US dollars.

The document was signed on the sidelines of the 11th 'One Belt, One Road' Summit, which took place on September 9–10 of this year in Hong Kong. This summit served as an important platform for discussing new opportunities in investment and financial cooperation.

According to the terms of the reached agreements, both parties will jointly participate in the selection, evaluation, and structuring of promising infrastructure projects. These projects will then be financed through long-term credit lines provided by the Silk Road Fund.

A special emphasis within the cooperation will be placed on projects related to updating transport infrastructure, including the construction of modern toll expressways.

These agreements align with the goals of the State Investment Program for 2026. This program anticipates that Uznabank will attract resources from leading international financial institutions totaling up to 1.5 billion US dollars to implement priority tasks in Uzbekistan.

The conclusion of the Agreement marks another practical result of strengthening financial and investment partnership between Uzbekistan and China. It will also contribute to a more substantive fulfillment of the comprehensive strategic partnership between Uzbekistan and China, particularly in the context of the 'One Belt, One Road' initiative.

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