Uzbekistan plans to conclude a contract for the purchase of six high-speed electric trains from South Korean company Hyundai Rotem, as reported by the railway portal Railway Supply.

to purchase Hyundai electric trains

This decision was outlined in a decree signed by President Shavkat Mirziyoyev.

Rhenus Group, a German logistics company, and Uzbek Railways are joining forces to manage two cargo terminals

The estimated cost for this acquisition is €185 million ($196.5 million).

The financing is expected to come in the form of a loan from the South Korea Economic Development Cooperation Fund, with a 35-year repayment period and a 0.1% annual interest rate, including a 10-year grace period.

Source: uzdaily.uz

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