RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of August 12, 2024 No. PP-289

About measures for project implementation "Purchase of 6 high-speed electric trains" with participation of Eximbank of Korea

For the purpose of establishing movement of high-speed modern electric trains for improvement of service quality of passengers on rail transport, developments of tourist capacity of regions, expansions of long-distance railway services:

1. Take into consideration that:

as a result of completion of works on electrification on sites of the railroad "Bukhara-Urgench-Khiva" 465 km long until the end of 2024 and Miskin-Nukus until the end of 2026 bringing speed of movement of electric trains to 250 km/h is planned;

according to the resolution of the President of the Republic of Uzbekistan of October 10, 2023 No. PP-329 "About measures for radical reforming of the sphere of rail transport of the Republic of Uzbekistan" are signed on June 14, 2024 contracts with the Hyundai Rotem company (Republic of Korea) on purchase and maintenance of 6 high-speed electric trains;

the total cost of the Purchase of 6 High-speed Electric Trains project (further - the project) constitutes 220, 03 million euros, from them share of the Republic of Uzbekistan - 21, 3 million euros and share of JSC Uzbekiston temir yullari - 13, 5 million euros;

on the project between the Republic of Uzbekistan and Eximbank of Korea the loan agreement on allocation of borrowed funds in the Korean wons in equivalent 185, by 18 million euros for a period of 40 years, including grace period of 10 years, at the annual interest rate 0,05 rate on June 14, 2024 is signed;

the project deadline constitutes 6 years (2024 - 2030);

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