The Tashkent Pipe Plant, the largest privately owned manufacturer of prefabricated steel products in Uzbekistan, has been selected by the European Bank for Reconstruction and Development (EBRD) to receive a $20 million loan. This investment is intended to upgrade the plant to produce larger, more efficient and This will have a positive impact on infrastructure and water conservation in the country.
What are the benefits and impact?
Modernization is not just for the company to produce more, but has a significant national impact, for example, the useful life of pipelines will increase from 15-20 years to 50 years, which means fewer breaks, fewer repairs and fewer service interruptions.
New, better insulated and stronger pipes will prevent leaks, will prevent leaksThis, in turn, will reduce water waste and constant replacements, contributing to a more efficient use of resources. A more reliable and less leaky A more reliable and less leaky pipeline network also improves the supply of clean water to the population.
As the only producer of this material in the country, strengthening the pipe plant ‘s production promotes local industry and reduces dependence on imports.
Continued support for Uzbekistan’s private sector
With this new loan, the EBRD has invested EUR 5.57 billion in 193 projects within the country, most of which are geared towards the growth of private entrepreneurship and value creation through public-private partnerships.
Source: EBDR
