Uzbekistan Railways to Sell Key Subsidiaries and Assets

Uzbekistan Railways has initiated a public auction to divest stakes in its subsidiaries, aiming to modernize the national rail sector and attract private investment. This is reported by the railway transport news portal Railway Supply.

Uzbekistan Railways to Sell Stakes in Subsidiaries

The state-owned operator is offering 40% shares in Oʻzvagontaʻmir, specializing in railcar maintenance, and O‘ztemiryo‘lqurilishmontaj, focused on metro construction. Additionally, several non-core assets are up for sale.

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Established in 2003, Oʻzvagontaʻmir operates depots in Andijan, Kungrad, Samarkand, Termez, and Khavast.

Strategic Reforms Drive Privatization Efforts

President Shavkat Mirziyoyev’s reforms aim to liberalize the rail industry, encouraging private sector participation and foreign investment. In April, Uzbekistan Railways transferred a 90% stake in the Tashkent Railcar Plant to Transport Engineering Center.

Earlier, in November 2024, Cotton Logistics acquired a 35% stake in Uztemiryulkonteyner for $15 million. These moves reflect a strategic shift towards a more dynamic, investment-friendly rail sector.

The Ministry of Transport supports these initiatives, emphasizing the role of private capital in revitalizing national transportation networks. As reforms continue, further privatizations in related industries are anticipated.

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