The European Bank for Reconstruction and Development (EBRD) and Hamkorbank have joined forces to bolster the logistics capabilities of the Multimodal Trans Terminal (MTT) company as disclosed by BNN on March 5.
In adherence to a risk-sharing agreement between the two financial institutions, the EBRD shoulders 50% of the risk associated with the $1.1 mn loan extended by Hamkorbank to MTT. These financial resources are earmarked for the acquisition of state-of-the-art equipment for the new terminal and to facilitate the modernization of the production cycle.
MTT, renowned for its comprehensive suite of logistics, warehousing, and refrigeration services both domestically and internationally, plans to utilize the allocated funds to establish a cutting-edge container terminal in the heart of Uzbekistan's capital.
As part of the project's strategic objectives, MTT is poised to implement a series of impactful measures aimed at enhancing operational efficiency. This includes initiatives to reduce energy consumption by 10% and the installation of smart electricity meters to monitor and manage energy usage effectively. Moreover, the company is committed to fostering inclusive growth by establishing an internship program in collaboration with local educational institutions, thereby championing principles of diversity and equal opportunity.
Multimodal Trans Terminal (MTT) offers terminal services for cargo loading, unloading, and storage in both closed and open customs warehouses. The terminal boasts two railway tracks dedicated to loading and unloading, totaling 700 meters in length. With a capacity to accommodate 42 wagons at the unloading fronts, the company specializes in freight forwarding services for handling large-capacity containers, as well as storage and transportation of 20/40' foot loaded/empty containers to and from the Nazarbek station.
Earlier Daryo reported that the EBRD is strengthening its focus on environmental sustainability in Uzbekistan through a partnership with Hamkorbank. This collaboration, under the Uzbekistan Green Economy Financing Facility II (GEFF II Uzbekistan), involves an investment of up to $10mn. It aims to promote green initiatives and expand access to eco-friendly financing in the country.
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