China’s Export-Credit Insurance Corporation (EXIC) will provide US$29m in credit insurance, which will cover the financing of a soda plant in Uzbekistan. CITIC Pacific, one of China’s biggest investment companies, will construct the plant.
Uzpromstroibank will offer around US$3m in credit insurance, guaranteed by the Uzbek government.
The building operation, beginning in August, will cost US$100m.
CITIC is now completing equipment installation. The soda plant will have production capacity of 100,000 tonnes of soda ash per year.
Source: Interfax
