20 new TMH metro cars, delivered with support of REC and VEB.RF, were received in Tashkent
Financial support of the REC Group and VEB.RF allowed Metrowagonmash JSC (part of Transmashholding), the domestic developer and manufacturer of rolling stock for railway and urban rail transport, to send 20 modern Russian metro cars to Uzbekistan.
The rolling stock will operate in the Tashkent Metro. 5 trains will be formed from the new cars. By the end of the year, another 20 metro cars will be sent to Tashkent.
“Such a large and demanded project has been implemented thanks to the synergy of development institutions, and now the Tashkent Metro is provided with so needed rolling stock. It is expected that Russian metro cars will significantly unload passenger traffic in the rapidly developing city,” Veronika Nikishina, General Director of REC JSC.
It’s worth noting that the supply of metro cars is financed by VEB.RF, a state corporation that provides resources for the implementation of projects that contribute to economic development, as well as a part of its structure Eximbank of Russia (REC Group).
VEB.RF and Tashkent Metro (Toshkent Metro Unitary Enterprise of the Uzbekistan Railways JSC) signed the loan agreement for the supply of 40 metro cars in April 2021. VEB.RF opened a credit line for 30.4 million euro for a period of up to 12 years.
Under the separate loan agreement, the project is also supported by the Russian Export Center Group. A part of the cost of metro cars, spare parts, and accessories is financed by EXIMBANK OF RUSSIA JSC under the separate agreement against the insurance coverage provided by EXIAR JSC. EXIMBANK OF RUSSIA JSC opened a credit line for 24.4 million euro for a period of up to 12 years.