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Wednesday, 22 June 2005
KUWAIT FUND TO FINANCE UZBEK RAIL PROJECT
By empty (6/22/2005 issue of the CACI Analyst)
The Kuwait Fund for Arab Economic Development (KFAED) will provide a $21 million loan to electrify the 115-kilometer railway linking Tashkent and Angren. The agreement was signed during a visit to Uzbekistan by Hisham Al-Waqayan, KFAED\'s deputy director for operations and distribution. In the course of his visit, Al-Waqayan met with Uzbek Finance Minister Saidahmad Rahimov and Uzbek railways head Ochilboy Ramatov.
The Kuwait Fund for Arab Economic Development (KFAED) will provide a $21 million loan to electrify the 115-kilometer railway linking Tashkent and Angren. The agreement was signed during a visit to Uzbekistan by Hisham Al-Waqayan, KFAED\'s deputy director for operations and distribution. In the course of his visit, Al-Waqayan met with Uzbek Finance Minister Saidahmad Rahimov and Uzbek railways head Ochilboy Ramatov. The railway electrification project is slated for completion in 2008. (UzA)