Uzbekistan

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Located between the Amu Darya and Syr Darya rivers, Uzbekistan possesses some of the most favorable natural and geographic conditions in Central Asia. It has rich deposits of minerals especially gold, copper, and uranium as well as organic fuel particularly natural gas and oil.

— Ministry of Foreign Affairs

Uzbekistan in CAREC

Uzbekistan joined CAREC in 1997
Since 2001, $2.46 billion has been invested in transport, trade, and energy
Uzbekistan currently has 10 ongoing CAREC projects
Since 2001, one CAREC project has been completed

CAREC Contacts

CAREC-related Projects

CAREC Corridor 2 Road Investment Program II - Tranche 2
	Sector: Transport	Date approved / Status: 10 December 2012 (Ongoing)
	Expected outcome: The upgraded road section of A373/4P112 highway and completion of the 58 km road will improve road connectivity, safety, and effective management for the Uzbekistan sections of CAREC Corridor 2.
	Funding amount: $220 million (Asian Development Bank) $45 million (Government of Uzbekistan)

Namangan 500-Kilovolt Power Transmission Project
	Sector: Energy	Date approved / Status: 11 October 2012 (Ongoing)
	Expected outcome: The project will help improve power supply reliability in Uzbekistan. It will expand the transmission network in Fergana Valley and help ensure adequate power supply. Transmission losses are expected to be reduced and operational efficiency of the power sector will be improved.
	Funding amount: $150 million (Asian Development Bank) $83 million (Uzbekenergo) $55 million (Government of Uzbekistan)

CAREC Corridor 2 Road Investment Program, Project 2
	Sector: Transport	Date approved / Status: 3 March 2011 (Ongoing)
	Expected outcome: The investment program will have an impact on Uzbekistan’s sustainable economic development, with better transport connectivity and efficiency, and institutional effectiveness.
	Funding amount: $240 million (Asian Development Bank) $49 million (Government of Uzbekistan)

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Feature

Uzbekistan leader wants to harness wind, solar energy. President Islam Karimov has come up with an ambitious renewable energy program. Read more.
Uzbekistan to create center for transport logistics. The Uzbekistan government will invest $10.4 million in a new transport logistics center in a bid to become a major crossroads for trade and transportation within the region. Read more.

Previous features

Economic Outlook

Highlights from the Asian Development Outlook 2013:
The economy grew by 8.2%, nearly as quickly as in 2011, driven by strong performance in all production sectors, continuing public investment, and high remittances and public sector wage increases. Growth is forecast to slow only slightly in 2013 and 2014, while the current account remains in surplus. A more sophisticated and diversified industrial and export base is needed to sustain growth and expand employment over the longer term. Read more.