RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of April 15, 2024 No. PP-158

About measures for project implementation "Reconstruction of site 1255 - 1315 km (60 km) of the highway M39 "Almaty - Bishkek - Tashkent - Shakhrisabz - Termez" with participation of Islamic development bank and OPEC Fund for the international development

For the purpose of construction and reconstruction of the modern highways conforming to the international requirements and standards, developments of highway network and further enhancement of national road and transport infrastructure in the country:

1. Take into consideration that:

a) Committee on highways under the Ministry of transport (further - Committee on highways) the feasibility statement on the project "Reconstruction of site 1255 - 1315 km (60 km) of the highway M39 "Almaty - Bishkek - Tashkent - Shakhrisabz - Termez" (further - the project) total cost 195, of 5 million US dollars is in accordance with the established procedure developed;

b) for project implementation:

Islamic development bank (further - IBR) approves allocation of loan in the amount of 106, by 7 million US dollars for the term of 20 years, including five-year grace period;

The OPEC fund for the international development (further - OPEC Fund) approves allocation of loan in the amount of 47, by 2 million US dollars for the term of 20 years, including five-year grace period;

c) for project implementation by the Republic of Uzbekistan the corresponding Framework agreement and the loan agreement is signed with IBR and OPEC Fund;

d) according to the feasibility statement on the project total cost 195, 5 million US dollars:

the contribution of IBR and OPEC Fund constitutes 153, 9 million US dollars, contribution of the Republic of Uzbekistan - means in the amount of 41, of 5 million US dollars in the form of provision of tax and customs privileges and covering of other financial expenses;

the period of project implementation constitutes 5 years (2024 - 2029, including two-year warranty period);

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