Uzbekistan: Vision Invest - Tashkent Airport Facility (AIIB-001179)

Countries
  • Uzbekistan
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Bakhrom Abdukadirov, VP, New Business Development
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Ring Fence
  • Infrastructure Projects
A financial intermediary is a commercial bank or financial institution that receives funds from a development bank, sometimes for a specific lending purpose. A "ring fence" is another name for this specific purpose. These funds are then used for lending by the financial intermediary to client companies or individuals.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 225.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 225.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 225.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ AIIB website

Updated in EWS Nov 9, 2026

Disclosed by Bank Oct 12, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank's website, the proposed project aims to strengthen regional and international connectivity through the development of a modern, sustainable and efficient new international gateway airport in Tashkent. Supported by Uzbekistan’s growing economy and population, the existing Tashkent airport is operating very close to its effective capacity of 8 million passengers per annum (MPPA). Even after the ongoing expansion, the terminal capacity is expected to reach only c. 13 MPPA, and the utilization is projected to exceed design capacity by 2030. To address growing passenger and cargo traffic demand in Tashkent, the Government of Uzbekistan has initiated the development of a new international airport, to be located approximately 25km  to the south of the existing airport. The New Tashkent International Airport project involves the design, financing, construction, operation and maintenance of the greenfield airport with passenger terminal capacity of 20 MPPA with an extension option (the Project). The Project is expected to achieve Scheduled Commercial Operation Date (SCOD) by end of 2030. Operations will be fully transferred to the new airport, and the existing one will be closed. The Project is being developed by an international sponsor consortium led by Vision International Investment Company (Vision Invest). AIIB is considering providing an Equity Bridge Loan (EBL) of up to USD225 million to finance Vision Invest’s equity contribution to the Project, as well as associated interest and fees during the term of the EBL. 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The proposed USD225 million AIIB Equity Bridge Loan (EBL) facility is expected to finance Vision Invest’s equity commitment, as well as associated interest and fees during the term of the EBL. 

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Bakhrom Abdukadirov VP, New Business Development is at Vision Invest, a private international investment company. It is also a private Saudi Arabian development and investment holding company focused on public-private partnerships (PPPs) and infrastructure investment in Saudi Arabia, the GCC, and internationally. It invests in sectors including power, water desalination, industrial gases, logistics, and transportation. 

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
Vision Invest Ltd (of Saudi Arabia) Parent Company - owns Bakhrom Abdukadirov is VP, New Business Development Contractor Transport

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Project Team Leader: Igor Popkov 

Title: Senior Investment Officer 

Email: igor.popkov@aiib.org 

Co Project Team Leader: Dong Mei 

Title: Investment Officer 

Email: dong.mei@aiib.org 

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html

ACCOUNTABILITY MECHANISM OF AIIB

The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html

The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html

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How it works