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VEB.RF and EXIMBANK OF RUSSIA to Provide Financing for New Underground Carriages for Tashkent

5 april 2021 года
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  • VEB.RF has a new export contract with Uzbekistan
  • The Tashkent Metro will receive 40 new carriages

VEB.RF and Tashkent Metro Company, a subsidiary of O’zbekiston Temir Yo’llari (Uzbekistan Railways), have signed a loan agreement for the supply of ten modern underground trains manufactured by Transmashholding, Russia. The credit line is 30.4 million euros for 12 years.

Russian Export Center (REC, part of the VEB.RF Group) will also provide financing through EXIMBANK OF RUSSIA (part of the REC Group), which will have a separate loan agreement for a portion of the price of underground carriages and for the price of spare parts and accessories, with insurance to be provided by EXIAR (part of the REC Group).

The document was signed on behalf of VEB.RF by its Deputy Chairman and member of the Board Daniil Algulyan and on behalf of the Tashkent Metro by Tashkent Metro Company’s CEO Oybek Khudoikulov. The signing ceremony took place during the International Industrial Exhibition INNOPROM.

“Support for Russian industrial exports is a key area for VEB.RF. A large-scale programme to renew the public transport system is under way in Uzbekistan. The Tashkent Metro already uses Russian-made modern trains: with the support of VEB.RF, Tashkent received five trains in the autumn of 2019. And this is not the only Uzbek-Russian urban project. VEB.RF and the Office of the Mayor of Tashkent are now discussing several infrastructural projects,” Daniil Algulyan said.

“Uzbekistan is our important partner, and we are definitely interested in the joint implementation of large infrastructural projects aimed at socio-economic development. This project features the participation of two Russian financial institutions, EXIMBANK OF RUSSIA and VEB.RF. With support from the Uzbek Government, they provided full financing for the buyer of Russian equipment, Tashkent Metro Company,” said Veronika Nikishina, CEO, REC.

“We are sincerely grateful to our Uzbek partners for their confidence,” said Andrey Vasilyev, Deputy CEO, Transmashholding. “I’m sure the residents of Tashkent will appreciate the comfort, aesthetics and safety of the new Russian trains.”

The trains will be manufactured by Moscow-based Metrovagonmash (part of Transmashholding). Each of the ten trains will have four underground carriages. The carriages feature modular gangway connections, enabling passengers to move from one carriage to another, and double-leaf sliding plug doors, 1.4 metres wide, with external door status signal lights. The head carriages have wheelchair spaces. Each passenger compartment is fitted with touchscreen monitors with all the necessary functionality (station search, route planning, travel time calculation). The passenger compartments and driver’s cabs are equipped with video surveillance, air conditioning and air sanitising systems. The service life of the underground carriages and underframes is 30 years. The windscreen of the driver’s cab is fitted with a manually adjustable sun shade, taking into account the characteristics of the Tashkent Metro: this rapid transit system has a number of elevated sections.


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