World Bank approved a USD 195 million IBRD loan for the Pap-Angren Railway Project in Uzbekistan. The total project cost is USD 1,6 billion, of which USD 1 billion is provided from the UTY own funds, the state budget and the Fund for Reconstruction and Development of Uzbekistan, USD 350 million from China Exim Bank, and USD 195 million from the World Bank (in particular, the International Bank for Reconstruction of Development or IBRD).
The project to build a single 124 km track rail link between Angren and Pap, including a 19.2 km rail tunnel through the Kamchik Pass.
The project development objectives are to reduce transport costs and to increase transport capacity and reliability through the construction of a rail link between the Uzbek part of the Ferghana Valley and the rest of Uzbekistan. The line will offer a faster, cheaper, all season, and safer and more reliable transport service. The State Joint Stock Railway Company “Uzbekistan Temir Yullary” (UTY) is forecasting about 600,000 passengers to use the new infrastructure and about 4.6 million tons goods to be transported during the first year of operation. The project is expected to reduce greenhouse gas emissions by about 200,000 tons annually.
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