Russian Manufacturers to Supply Municipal Vehicles to Uzbekistan

6 april 2021 года
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The Office of the Mayor of Tashkent, VEB.RF and Russian Export Center (REC, part of the VEB.RF Group) signed a tripartite agreement during the International Industrial Exhibition INNOPROM (Big Industrial Week in Uzbekistan).

The document specifies the joint implementation of a project to renew and expand Tashkent’s fleet of municipal vehicles and road equipment. For instance, the Russian counterparties are expected to supply more than 130 units of equipment for a total of 1.25 billion roubles.

VEB.RF, EXIAR and EXIMBANK OF RUSSIA (part of the REC Group) will provide financing using their lending and insurance products to support Russian exports. REC will engage Russian manufacturers, while some equipment will be assembled in Uzbekistan by UzAuto Trailer in cooperation with KAMAZ and companies specialising in aftermarket modification.

“The potential for cooperation in the supply of municipal vehicles is more than 5 billion roubles,” said Daniil Algulyan, Deputy Chairman and member of the Board, VEB.RF. “Uzbekistan is a key area for VEB.RF, is a partner that has proved its reliability for very many years. The supply of municipal vehicles will help to strengthen our cooperation. Russia will have the opportunity to increase the export of engineering products, and Tashkent will receive reliable and efficient equipment that will make the city even more beautiful and comfortable.”

“Cooperation with the Office of the Mayor of Tashkent opens up great opportunities for Russian-Uzbek projects to the develop urban infrastructure in all areas, from the supply of vehicles and equipment to smart city systems. A characteristic and important feature of the project for municipal vehicles is bilateral cooperation: some equipment will be assembled in Uzbekistan jointly with Russian companies,” said Veronika Nikishina, CEO, REC.


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