The European Bank for Reconstruction and Development (EBRD) is supporting the development of retail and sustainable logistics in Uzbekistan by financing the expansion of Green Line Trading (GLT), a major distributor of packaged foods and beverages in the country.
Under the arrangement, GLT will receive a financial package of up to €15 mn. This includes an EBRD loan of up to €9mn for working capital and a loan of up to €6mn for the construction of a new Class B warehouse.
The planned warehouse will cover 16,128 square metres, effectively doubling GLT’s total distribution capacity. As part of the expansion, the project will be supported by blended concessional finance of up to €259,000 through the EBRD’s Finance and Technology Transfer Centre for Climate Change (FINTECC) programme. The FINTECC funding will be used to install 400 kW of solar panels, build charging stations for electric vehicles, and implement thermal modernisation measures for the warehouse. These sustainability measures are expected to reduce the company’s annual CO2 emissions by 467 tonnes and generate energy savings.
GLT also plans to increase its number of retail outlets to 30,000 nationwide, strengthen its distribution network, and diversify its product portfolio. The project receives additional support from the Japan-European Cooperation Fund.
Since its entry into Uzbekistan, the EBRD has invested nearly $6.9bn (€5.8bn) across 205 projects, with a focus on supporting private entrepreneurship. Uzbekistan has been the largest recipient of EBRD funding in Central Asia for the past six years.
