Uzbekistan: Bukhara-Miskin-Urgench-Khiva Railway Electrification Project (AIIB-000341)

Countries
  • Uzbekistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project 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.
Borrower
Republic of Uzbekistan, JSC Uzbekistan Railways
The holder of the loan, grant, or other investment.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 105.00 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)
$ 404.35 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ AIIB website

Updated in EWS Sep 25, 2020


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Project Description

According to the Bank's website, the project provides funding to the Republic of Uzbekistan to finance the electrification of the existing railway line linking Bukhara, Miskin, Urgench and Khiva.

The project will be implemented by JSC “Uzbekistan Railways” (O'zbekiston Temir Yo'llari).

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)

Preliminary total project costs are estimated at USD404.35 million, of which the AIIB loan will finance USD105.00 million, the ADB loan will finance USD157.51 million and the rest will be funded by JSC “Uzbekistan Railways” and the Government of Uzbekistan.

Private Actors
Contact Information

PROJECT CONTACT INFORMATION

Alisher Djuraev

Head of Project Implementation Unit
JSC “Uzbekistan Railways” (O'zbekiston Temir Yo'llari)

utypiu@gmail.com

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.