South Korea agrees to build $350m terminal for Tashkent airport

Tashkent airport: The South Korean government yesterday agreed to invest $250m in the construction of a new terminal for the Uzbek capital’s international airport, with the government in Tashkent contributing a further $100m.The new terminal will expand the existing terminal’s passenger capacity by 50% to 1,500 passengers an hour and will take four years to build.
The two countries signed an MoU relating to the  project  after a meeting in Seoul between Finance Ministers Yoo Il-ho  and Rustam Azimov, with South Korea also agreeing to build a data centre. All funds will be channelled through the state-run Korea Economic Development Cooperation Fund (EDCF).
The new terminal is the latest in a string of initiatives designed to establish Uzbekistan as  a key Central Asian hub on the New Silk Road through a combination of government expenditure in the country’s infrastructure and investment from overseas, principally from China and South Korea. In 2011, in return for agreeing to Beijing to lay a section of the the Central-Asian gas pipeline across its territory to give China access to Turkmenistan’s hydrocarbons, China pledged to invest $5bn in Uzbekistan’s infrastructure and mining sector.
Among the most spectacular and technologically challenging of the projects to have materialised from this agreement has been the $1.9bn Angren-Pap railway line connecting the densely populated Fergana Valley and  the rest of Uzbekistan across the Tien-Shan mountain range. With ten new bridges, seven railway stations and a 19.1km tunnel under the Kamchik pass, the line took three years to complete and was opened in June.