The Chairman of the Committee for Roads, Jamshid Tursunov, held a gathering with delegates from the Asian Development Bank’s (ADB) assessment mission to discuss the terms of financing for the project “Construction of internal roads with cement concrete pavement”. It was noted that the agreement would last for 25 years, with a 5-year grace period. The project is being financed based on a soft loan, and $40 million in savings are being achieved by reducing mandatory fees. Following the talks, a Memorandum of Cooperation was signed between the parties.
Industry representative Pawan Karki, who had worked closely with the Committee on ADB-related projects, was given commemorative gifts in recognition of his contributions to the nation’s road infrastructure. Mukhayyo Toshqorayeva, UzA