Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Uzbekistan
Location: Bukhara, Urgench, Khiva, Misken
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Asian Infrastructure Investment Bank (AIIB)
Status: Proposed
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2018-09-01
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Republic of Uzbekistan
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Construction
  • Transport
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 168.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 339.10 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ AIIB website
Updated in EWS: 2018-04-05
Uzbekistan: Railway Electrification Project (Bukhara-Urgench-Khiva)
AIIB-00000071

Project Description

This project finances the electrification of the Bukhara-Urgench-Khiva railway section. This includes the electrification of three railway segments and the construction of associated auxiliary facilities in western Uzbekistan. The three railway segments are:

  1. 357km line between the cities of Bukhara and Misken
  2. 77km line between the cities of Misken and Urgench
  3. 33km line between the cities of Urgench and Khiva
Investment Description
Private Actors
Contact Information

Asian Infrastructure Investment Bank (AIIB)
Ms. Jasmine Ho
Project Team Leader / Senior Private Sector Investment Operations Specialist
e-mail: jasmine.ho@aiib.org

Borrower
Ministry of Finance, Republic of Uzbekistan
Mustakillik 5, Tashkent, 100008, Republic of Uzbekistan
e-mail: info@mf.uz
Website: https://www.mf.uz

Implementing Agency
Uzbekiston Temir Yollari
Mr. Ramatov Achilbay Zhumaniyazovich, Chairman of the Board
6, Istiklol str. Tashkent city, 100000, Republic of Uzbekistan
Phone: +998 (71) 238-80-28
e-mail: info@uzrailway.uz
Website: www.uzbekenergo.uz 

ACCOUNTABILITY MECHANISM OF AIIB
In addition, the AIIB has a Bank Oversight Mechanism. According to AIIB's policies, "people who believe they have been or are likely to be adversely affected by a failure of the Bank to implement the ESP may also submit complaints to the Bank's oversight mechanism in accordance with the policies and procedures to be established by the Bank for such mechanism." However, at the time of writing, it is unclear what the exact scope and function of this Oversight Mechanism will be.

Bank Documents