China’s EximBank to Fund Purchase of 200 Electric Buses for Tashkent
China’s Export-Import Bank to Finance Purchase of Electric Buses for Tashkent’s Public Transportation System
The Ministry of Transport of Uzbekistan has announced that China’s Export-Import Bank is planning to provide a loan to finance the purchase of 200 electric buses for Tashkent’s public transportation system. Deputy Minister of Transport, Ilhomjon Abdugafarov, along with representatives from the Capital Transportation Infrastructure Development Authority and the company ToshShahartranshizmat, recently met with Mo Guo, Head of the Preferential Lending Department at China’s EximBank, to discuss the project’s financing details.
In addition to the electric bus purchase, the parties also discussed the possibility of expediting the procurement of 1,000 large buses powered by compressed natural gas for Nukus and other regional centers. This project is part of the state program for the development of “green” transport and environmental protection, approved for 2025.
Earlier this year, in February, the Chinese company Yutong won a tender to supply 200 electric buses for Tashkent, beating out competitors BYD Auto Industry and ZhongTong Bus Holding. Furthermore, plans have been outlined to procure an additional 1,000 buses for regional centers and 200 more electric buses for the capital in the coming years.
The Minister of Transport has announced a directive from the president to supply an extra 1,000 new buses to Tashkent in 2025, showing a commitment to improving public transportation and promoting environmentally friendly practices in Uzbekistan’s transport sector. The partnership with China’s EximBank highlights the international cooperation in achieving these goals and moving towards a greener, more sustainable future for transportation in the country.
