The board of directors of the Asian Development Bank (ADB) has reportedly approved loans and loan guarantees totaling $400 million to 50/50 Uzbek-Korean venture UzKor GasChemical for the planned Ustyurt gaschemical complex in Uzbekistan. The loan will total $125 million and the political risk guarantees for commercial funding $275 million, Prime news agency reported Thursday citing ADB representative office in Uzbekistan.
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