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German Development bank to allocate loans for purchase of trains for Uzbekistan

Finance Materials 23 September 2022 10:21
Baku, Azerbaijan Trend News Agency
German Development bank to allocate loans for purchase of trains for Uzbekistan

Uzbek Uzbekistan Temir Yollari JSC (state railway company), the Ministry of Transport of Uzbekistan signed a memorandum of cooperation with German KfW Development Bank and Deutsche Bahn AG, Trend reports via the Uzbek company.

The memorandum provides for the use of a credit line for the purchase of electric trains and passenger cars for Uzbekistan.

In addition, the management of Uzbekistan Temir Yollari held talks with representatives of leading international companies in the field of railway transport - the Polish Pesa JSC, which specializes in the production of trains, cars, trams and their modernization, as well as the Chinese CRRC corporation, which occupies almost half of the world market in the field of production of railway transport.

During the negotiations, Chairman of the Board of Uzbekistan Temir Yollari, Khusnutdin Khasilov noted that a tender would be held as part of the use of a preferential credit line from KfW for the purchase of the necessary electric trains and passenger cars and invited both large manufacturing companies to take part in it.

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