Photo: Tashkent Mayor's Office Press Office
The Hokimiyat (Mayor's Office) of Tashkent has signed agreements with the Chinese corporation CSCEC (China State Construction Engineering Corporation) to implement a series of major infrastructure projects in the capital of Uzbekistan. The total investment will amount to about $1 billion, according to the capital's administration press service.
The meeting took place in Tashkent, with the CSCEC delegation led by Liu Dong, General Director of the corporation's division. The parties agreed on the following projects:
👉 reconstruction and modernization of Tashkent's road infrastructure. The investment volume will be $300 million. The work is planned to involve more than 200 local and foreign specialists;
👉 creation of a joint venture for design and personnel training in the field of road construction and infrastructure development. The project will create more than 20 jobs;
👉 design and construction of bridges worth $259 million. The project implementation is expected to create 160 new jobs and help solve the traffic congestion problem in the Uzbek capital;
👉 construction of a large residential complex worth about $440 million. The project envisages the construction of not only residential buildings but also business centers, commercial spaces, and educational institutions.
The agreements were signed by representatives of the Tashkent Hokimiyat, CSCEC, and Tashkent Invest company.
ℹ️ China State Construction Engineering Corporation (CSCEC) is the largest construction company in China and is among the top ten largest companies in the world according to Fortune Global 500. It implements projects in more than 100 countries. The company has participated in the construction of over 6,000 major facilities, including skyscrapers, airports, and national infrastructure complexes.
In 2023, CSCEC's total revenue exceeded $300 billion, with a net profit of $16.7 billion, increasing by 5% compared to the previous year. International contracts brought in $51 billion, the company's assets reached $500 billion, and the order portfolio exceeded $1 trillion.
