Why is this important
The renewal of passenger rolling stock directly affects the quality and safety of railway transportation. Attracting long-term concessional financing allows for the implementation of large infrastructure projects without a sharp burden on the current budgets of companies. For the country’s transport system, such solutions are important in terms of the sustainability and renewal of worn-out assets.
What happened
- Uzbekistan Railways will receive a $143 million loan to upgrade 200 passenger cars.
- Shavkat Mirziyoyev instructed the Fund for Reconstruction and Development of Uzbekistan to provide credit funds for these purposes in 2026-2027.
Numbers and facts
- The loan amount for Uzbekistan Railways will be $143 million.
- The loan will be provided at a rate of 5% per annum for a period of 10 years.
- The document provides for a three-year grace period for payments.
- In the period from 2026 to 2030, the subsidiary Uztemiryulyulovchi will receive 200 new passenger cars.
Context
- The company will be able to gradually update the passenger fleet without one-time financial costs.
- Preferential lending conditions reduce the debt burden in the first years of project implementation.
- The renewal of wagons creates prerequisites for improving the quality of passenger transportation.
- Attracting funds from the Reconstruction and Development Fund is traditionally used to finance large infrastructure projects.
