Uzbekistan Railways plans to invest up to USD 672.7 million in 2015, a 15% increase compared with the previous year.
Uzbekistan Railways will get investment capital from the Fund for Reconstruction and Development of Uzbekistan (USD 150.5 million). USD 163.7 million in loans will be obtained from international financing institutions and USD 358.5 will be provided from the company’s own resources.
In 2015, the railway company will continue the electrification of three railway sections with total length of 594 km – Marakand-Karshi (part of a rail corridor that runs from Keles on the border with Kazakhstan), Karshi-Termez (southern part of the Republic of Uzbekistan toward Afghanistan) and Angren-Pap railway line through the Kamchik pass along the northern border with Tajikistan in the east. Also, works will continue on the rehabilitation of railway tracks, modernisation of freight wagons, construction of new freight and passenger cars.