Uzbekistan will buy 36 high-speed trains from Korea and the Czech Republic

The task of purchasing 6 high-speed electric trains from the Korean company Hyundai Rotem and 30 electric trains from the Czech company Skoda was set. For this, 185 million euros from the Korean government and 350 million euros from Czech banks under the state guarantee will be received.
With the decision signed by the President of Uzbekistan on October 10, the "roadmap" for the reform of the railway transport sector in 2023-2026 was approved.

According to it, 6 high-speed electric trains will be purchased from South Korea and 30 electric trains from the Czech Republic.

6 high-speed electric trains will be purchased under a direct contract from Korea's Hyundai Rotem. The decision provides for the conclusion of the contract in October 2023.

To finance the purchase of these trains in November, it is planned to attract a loan of 185.0 million euros from the South Korean Economic Cooperation Development Fund (EDCF) for a period of 35 years, including a 10-year grace period at an annual rate of 0.1%. .

RegioPanter electric train produced by Skoda / Illustrative photo: Radim Holiš

Also, in November 2023, the task was to conclude a direct contract with the Czech company Skoda Transportation for the purchase of 30 modern electric trains. To finance this purchase, in December 2023, it is planned to attract a loan of 350.0 million euros from Czech banks at a rate of 15%, including a 3-year grace period at an annual rate of 5.5%.

Loans for the purchase of electric trains from Korea and the Czech Republic are guaranteed by the state.

Source: Kun.uz