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Description |
The project will construct and operate gas wells, gas collection clusters, gas processing plant, ancillary infrastructure, and other associated facilities in the Kandym gas field in Uzbekistan. |
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Objectives and Scope |
1) Development of environmentally safe, technically sound and financially sustainable gas field in Kandym; (2) successful mobilization of large-scale co-financing from foreign commercial banks and (3) increased local employment generation in a relatively poor rural area in the Bukhara-Khiva region. |
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Linkage to Country/Regional Strategy |
The project is consistent with ADB''s country partnership strategy (CPS) 2012-2016 and country operations business plan for Uzbekistan, which recognize the critical importance of private sector development and the need for ADB private sector operations to promote export potential and catalyze foreign investment in infrastructure (including energy). The project supports the CPS target of focusing on the upstream and downstream development of Uzebkistan''s natural resources, inclusive of petrochemical and refinery projects, to bolster value-added export products and support petroleum refining and logistics. With a foreign private company sponsoring the project, ADB''s support will further catalyze foreign direct investment to the country in a sector with significant export potential and will promote transparency in natural resource development. |
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