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).
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 Actor 1
|Private Actor 1 Role
|Private Actor 1 Sector
|Private Actor 2
|Private Actor 2 Role
|Private Actor 2 Sector
|Uzbekiston Temir Yollari
PROJECT CONTACT INFORMATION
Head of Project Implementation Unit
JSC “Uzbekistan Railways” (O'zbekiston Temir Yo'llari)
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.