“On December 4, production will begin at the Tashkent Metallurgical Plant, which was built by the Metprom group with Russian-Uzbek state support,” Deineko said at Innoprom Online.
As Andrei Deineko noted, the project for the construction of the plant was completed by the Metprom group on a turnkey basis, that is, the group acted as the designer and general contractor of the project. Investments 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. This is not only about the design and engineering ordered in Russia, but also about the supply of equipment, metal structures, and training. “About 30 manufacturers and about 1 thousand people were provided to work at the Tashkent construction site,” Deineko stressed.