Miahona Company has entered into two development agreements with the Government of the Republic of Uzbekistan to improve water and wastewater treatment infrastructure in the region of Karakalpakstan, reports Zawya.
The first agreement was signed with the Ministry of Investment, Industry, and Trade and the Ministry of Water Resources, as reported in a bourse filing. This agreement involves the rehabilitation and replacement of irrigation water pumping stations under a long-term rehabilitate, operate, and transfer (ROT) model.
The second agreement was made with the Ministry of Investment, Industry, and Trade, the Supreme Council for Karakalpakstan, and Uzsuvtaminot joint stock company. This agreement is focused on developing potable water treatment, wastewater facilities, and distribution networks.
The most appropriate long-term business models for these projects will be finalized during the development phase.
These agreements expand Miahona’s presence in Uzbekistan, adding to its previous work on water and wastewater projects in Fergana and Jizzakh. The agreements are set to remain in effect for one year, with financial impacts to be determined after due diligence.
