The Central Asian nation’s annual revenue from the sale of copper is currently $2.5 billion.

Uzbekistan ranked 146 out of 180 countries and territories in the 2020 Corruption Perceptions Index (CPI) by Transparency International.

Uzbekistan will receive a $380 million concessional loan from the World Bank's International Development Association (IDA), and a $43 million loan from the United Nations-backed Green Climate Fund (GFC), the world’s largest climate finance institution.

Uzbekneftegaz is hoping to secure $184 million in financing from EXIM Bank for the next stage of the project.

The cost of the total project is 185.4 million euros, of which 142 million euros will be paid out through loans from leading European banks.