Asian infrastructure bank lends Uzbekistan $108m to electrify railway
5 April 2022
The Asian Infrastructure Investment Bank (AIIB) has lent the Republic of Uzbekistan $108m to electrify the 465km Bukhara-Miskin-Urgench-Khiva railway line.
The electrification is expected to cut travel time between Bukhara and Khiva by up to three hours and allow for passengers to move between the capital Tashkent to Khiva in seven hours, with trains travelling at a top speed of 250km/h.
Uzbekistan wants to boost tourism by linking the western Khorezm region to the central and eastern regions.
The electrification will have the potential to cut 81,000 tons of greenhouse gas emissions per year.
An electronic ticketing system will also be implemented on the line.
Konstantin Limitovskiy, AIIB Vice President of regional investment operations, said: “This project is aligned with AIIB’s mandate to finance Infrastructure for Tomorrow and sets an excellent example of enhancing regional connectivity via sustainable infrastructure financing.
“The improvement and integration of the transport sector in the country will further promote trade and economic growth in the region.”
Related
-
Globeleq’s Red Sands battery energy storage project reaches financial close
2 July 2025
-
ZHA wins with design for new Vilnius airport terminal
1 July 2025
-
EBRD supports Egypt with first private-to-private electricity contracts
1 July 2025
-
Budapest to get its first airport rail link
30 June 2025
-
UK rejects support for $33bn Moroccan subsea renewable energy link
30 June 2025
-
Strabag wins $423m contracts to upgrade Czech railway infrastructure
30 June 2025