Eximbank to fund Tashkent-Namangan railway

Tashkent-Namangan railway: Eximbank has signed a $350m loan agreement with Uzbek National Bank of Foreign Economic Activity for the construction of the railway line through the Kamchik pass linking Tashkent to the country’s second largest city Namangan. The loan is required for the design and construction of a 19-km tunnel to be undertaken by the China Railway Tunnel Group. TREND