Chinese Dongfeng will establish an electric bus manufacturing company in the Fergana region following the signing of agreements between the area and Chinese companies across multiple sectors.
During a recent visit to the Fergana region, a delegation led by Khokim Khairullo Bazarov engaged in a series of fruitful meetings with business representatives from China. The outcome of these discussions resulted in the signing of 29 contracts, collectively valued at $1.37 bn, within the spheres of investment and trade.
A substantial portion of this investment, totalling $1 bn, has been allocated to four prominent companies: China Power International, CAMC Engineering, Shaanxi Xiangsheng Industrial Group, and China Huadian Engineering. Their primary objective is to inaugurate four photovoltaic power plants in the Fergana region.
Establishing an electric bus production facility with DongFeng Special Car Company is also part of the plan. This state-of-the-art plant, anticipated to be constructed in the Furkata district, will be implemented in two stages with an estimated cost of approximately $100 mn. Once operational, it is expected to manufacture up to 1,000 electric buses annually.
The delegation has successfully brokered an agreement with Jiangxi Anchi New Energy Technology to organize battery production for electric vehicles, with an investment of $30 mn. An additional $50 mn will be directed toward manufacturing electric vehicle charging devices.
Photo: China to invest in the production of electric buses in Uzbekistan's region
Source: Trend Agency News
Furthermore, the region has outlined 7 additional industrial projects with a total investment value of $112 mn. These projects encompass various sectors, such as copper processing, agricultural machinery production, tile and porcelain stoneware production, and iron profile manufacturing.
The light industry sector has formalized agreements valued at $26 mn. Notably, a prominent project entails the construction of a furniture factory, complete with a showroom, in the Tashlka district, with an investment of $10 mn. Moreover, the White Chicken House poultry company has also partnered with China Broken Shield Ltd., signing a contract worth $5 mn to facilitate meat and by-product exports to China.
The delegation has secured financial backing for investment projects, with plans to acquire $300 mn from Chinese financial institutions over 20 years. This funding will play a crucial role in supporting various development initiatives.
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