Uzbekistan is divided into twelve oblasts (incl. Horezm Oblast and Namangan Oblast), one autonomous republic and one independent city (Tashkent). Each oblast has its own suvokova, a state unitary enterprise responsible for water and wastewater services in the whole oblast. Horezm Suvokova provides water and wastewater services in Horezm Oblast, and Namangan Suvokova in Namangan Oblast. Both companies, referred collectively as “Companies”, are 100% owned by Horezm Oblast and Namangan Oblast respectively. The Oblasts have approached the European Bank for Reconstruction and Development with the request to finance rehabilitation of water and wastewater infrastructure operated by the Companies. Although the investment programme of each Company is over USD 70 million, EBRD has agreed to consider a USD 20 million loan to each of the Companies to finance the capex programme.