The Asian Development Bank also expressed readiness to provide technical assistance in the implementation of power industry projects.
On August 31, Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov had a meeting with ADB Vice President Ashok Lavasa to discuss further steps to promote bilateral cooperation. Lavasa said the Bank was ready to provide Uzbekistan with a grant to hire international consultants who would develop the tender and project documentation, as well as provide technical assistance in the implementation of power industry projects, the press office of the Ministry of Investments and Foreign Trade reported to CentralAsia.news.
The ADB delegation noted that Uzbekistan had great prospects for encouraging entrepreneurial activity in various sectors. The interlocutors discussed the topical issues of attracting private and foreign investment to improve basic and social infrastructure by mobilizing a wide range of market instruments, including green and infrastructure bonds, bank guarantees in support of investors, as well as investment funds in national currency.
The parties focused on the possibilities of implementing public-private partnerships projects in such areas as energy, healthcare, medicine, preschool education and solid waste processing.
The interlocutors agreed to implement jointly an initiative to improve and operate low-voltage distribution networks using PPP mechanisms.