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Progress made in the Investment Program in the first half of the year was summarized in Uzbekistan - Asia-Plus | News from Tajikistan, Central Asia and the World

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Progress made in the Investment Program in the first half of the year was summarized in Uzbekistan

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In the first six months this year, 6,026.5 bln soums of capital investment was digested in Uzbekistan, 33.7% growth against similar period last year.

According to data published by the Ministry of Economy of the Republic of Uzbekistan, 22.3% (1341.7 bln soums) of total investments were centralized and 77.7% (4684.8 bln soums) were non-centralized ones. Of all investments, 71.1% were directed to productive industry and 28.9% were directed to nonmaterial sector.

Within the Investment Program it is scheduled to draw $265.55 mln of the Fund for Reconstruction and Development of Uzbekistan toward 11 projects this year.

Particularly, Uzbekneftegaz attracted $75 mln for a project of building gas pipeline “Akhangaran-Pungan” across Kamchik pass. Uzkimyosanoat attracted $1.8 mln for reconstruction and modernization of large-tonnage ammonia unit AM 76 in JSC Maksam-Chirchik and $10.52 mln for building Dehkanabad Plant of potash fertilizers.

Uzbekenergo attracted $28.58 mln for a project of building 500 kV “Guzar-Surhan” and autotransformer at Surhan substation. The Ministry of Agriculture and Water Resources of the Republic of Uzbekistan attracted $8.69 mln for overhauling Karshi series of pumping stations.

Total sum of foreign investment and credit facilities attracted in the framework the Investment Program in the first half of the year made over $1.29 bln. Of them, $776.05 mln was directed toward new construction, $298.72 mln toward modernization and reconstruction and $215.87 for other projects.

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