Tashkent signs $3.5 billion in agreements with Chinese companies for drainage, BRT, renovation projects

Tashkent is set to undergo significant urban transformation following the signing of agreements valued at over $3.5 billion with Chinese companies. These deals, forged during the 3rd Uzbekistan-China Interregional Forum in Xi’an, encompass a broad spectrum of infrastructure development, including crucial drainage systems, modern public transport, and urban renovation projects.

The financial framework for these ambitious undertakings is structured around the EPC+F (Engineering, Procurement, Construction + Finance) model. Chinese partners will provide the necessary investment, crucially without drawing on state budget funds or requiring government guarantees. The city plans to manage payments over the long term, utilizing newly generated revenue streams.

Among the planned projects are substantial investments in environmental infrastructure, with $400 million allocated for drainage collectors, irrigation systems, and rainwater management. The city will also see the creation of modern, 24/7 branded streets ($100 million) and the development of multi-story residential complexes in renovation zones ($500 million).

Public transportation is a major focus, with $1 billion earmarked for the development of Bus Rapid Transit (BRT) lines, overpasses, and road infrastructure. An additional $1 billion is designated for joint transport and social infrastructure projects, promising to enhance connectivity and public services. Industrial development is also on the agenda, with agreements for decorative stone production ($150 million), smart waste-sorting equipment ($50 million), and ceramic products ($150 million).

These agreements are projected to yield substantial benefits, including job creation, accelerated urban modernization, improved city living conditions, and a strengthened export capacity. The collaboration with Chinese companies is expected to facilitate the adoption of advanced technological and environmental solutions, paving the way for a more sustainable and efficient Tashkent.