Osh City Hall to take loan from Uzbek-Kyrgyz Development Fund for buses
Osh City Hall will take a loan from the Uzbek-Kyrgyz Development Fund for purchase of buses. It was announced at a regular session of the Osh City Council.
The deputies gave consent to taking a loan in the amount of $1,850 million for a period of 7 years at 5 percent per annum. These funds will be used to buy 50 buses at SamAvto automobile plant in Samarkand (Uzbekistan).
In addition, it is planned to receive 50 million soms in form of transfer from the budget of the republic for additional financing of 30 percent of the loan amount.