Uzbekistan in CAREC
- Uzbekistan joined CAREC in 1997
- Since 2001, around $3 billion has been invested in transport, trade, and energy
- 13 ongoing CAREC projects
- 1 completed CAREC project
Modernization of Hydropower Stations in Tashkent, Shakhrikhan and Kadirya
The project will replace and install generators, turbines, communication and auxiliary equipment to increase the generating capacities of these hydropower stations up to 70 megawatts in total.
Additional Financing Energy Efficiency for Industrial Enterprises
The objective of the project is to improve energy efficiency (EE) in industrial enterprises by designing and establishing a financing mechanism for energy saving investments.
CAREC Corridor 2 Road Investment Program II - Tranche 2
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.
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.
Highlights from the Asian Development Outlook 2014:
Growth remained robust at 8% in 2013, led by wage and pension increases, high public investment spending, and large remittances. Recovery in external demand raised the current account surplus to 3.7% of GDP. Continued high public spending, strong private consumption, and an improving external environment are projected to keep growth near 8% in 2014 and 2015. Read more.