Tashkent Metallurgical Plant with a capacity of 500 thousand tons of rolled products per year is scheduled to open on December 4. The project was implemented from scratch by the Uzbek side and the Russian engineering and construction group Metprom with the support of the Russian Export Center, said Metprom President Andrey Deineko.
"On December 4, production will start at Tashkent Metallurgical Plant, which was built by Metprom Group with Russian-Uzbek state support", Deineko said at Innoprom Online site.
As Andrey Deineko noted, the plant construction project was implemented by Metprom Group on a turnkey basis, i.e. the group acted as a designer and general contractor of the project. Investment in the project amounted to over €325 million. Roseximbank, a member of the REC group (Russian Export Center), provided 50% of the project financing. Also, a private investor and the Fund for Reconstruction and Development of the Republic of Uzbekistan participated in the project from the Uzbek side on a parity basis (25% each).
As Deineko noted, in addition to financing, the project has Russian "content", which can be estimated at €90 million. It is not only about the design and engineering ordered in Russia, but also about the supply of equipment, metal structures, training. "About 30 manufacturers and about 1 thousand people were provided with work at the Tashkent construction site", Deineko said.
GSV "Russia - Islamic World"
Photo: GC "Metprom"
Based on materials from TASS