Fri 01 2017 10:11:17
Tashkent, Uzbekistan (UzDaily.com) -- The second stage of Yunusabad line of Tashkent metropoliten (Tashkent Subway) will be realized within 2017-2019. The cost of the objects of uncompleted construction within the project, taking into account re-calculation as of 1 October 2016, made up 6.91 billion soums. The project with the estimated cost of US$124.8 million will be financed due to resources of the State Budget of Uzbekistan (US$72 million) and loan of the Fund for Reconstruction and Development of Uzbekistan (US$52.8 million). Fund for Reconstruction and Development of Uzbekistan (FRDU) will provide the loan for financing of purchase of import equipment, materials and spare parts, payment of services of foreign specialists, etc. The credit FRDU was provided for 15 years, including four year grace period. Interest rate on loan will make up 2.25% stake, including margin of refinancing rate – 0.25%.