About US$3bn to be directed to mitigate Aral Sea catastrophe consequences

Uzbekistan will implement national and regional projects for US$3 billion to mitigate consequences of ecological catastrophe in Aral Sea Basin.

The Government of Uzbekistan issued a resolution “On measures on implementation of agreements, reached within the international conference “Development of cooperation in the Aral Sea Basin to mitigate consequences of environmental catastrophe”. The conference was held in Urgench on 28-29 October 2014.

The resolution said that the agreements on implementation of national and regional projects for US$3 billion were signed on implementation of the projects with international foreign financial institutions and foreign donors. In particular, the long-term loans for US$1.9 billion and technical assistances and grants for US$200 million were attracted.

The Government of Uzbekistan approved a list of national projects on mitigation of consequences of ecological catastrophe in Aral Sea Basin for US$2.971 billion, including grants and loans worth US$2.068 billion, and the list of regional projects for US$80.2 million (loans and grants for US$80.2 million).

According to the resolution, Uzbekistan will implement 16 national projects for US$2.857 billion (loans – US$1.956 billion) with attraction of loans of international financial institutions and 11 national projects for US$114.5 million (US$112.3 million) with attraction of grants and technical assistance.

The ADB, IDB, World Bank, JICA, OPEC Fund, TIKA, K-Water, KFAED, FAO, UN agencies and others will participate in realization of these projects.

(Source: UzDaily.com)


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