Uzbekistan approves 47 new projects for US$2.43bn
25/07/2013 15:19
Uzbekistan approves 47 new projects for US$2.43bn
25/07/2013 15:19
Tashkent, Uzbekistan (UzDaily.com) -- The Government of Uzbekistan approved 47 new projects in various sectors of economy with total cost of US$2.43 billion, which was offered to include to industrial programme on developing and modernizing for short-term perspectives.
RIA Novosti reported that Uzbekenergy state joint stock company plans to construct new power station in Namangan region with the capacity of 900 megawatt and the cost of US$1 billion by 2017. It is also planned to build gelio station in Samarkand region with the capacity of 100 megawatt by 2015. The project cost is US$207 million.
Uzbekneftegaz national holding company will invest US$308.7 million in 2013-2015 to create automated system of accounting use of natural gas in Tashkent and Tashkent region. Uzkimyosanoat state joint stock company will direct US$240 million to construct a plant on production of nitric acid and basalt fiber by 2018.
Uzbekistan plans to implement over 300 investment projects with total cost of US$55.4 billion in 2009-2014. It is planned to direct US$15.3 billion to oil and gas sector, US$12.1 billion to oil and gas chemistry, US$7.2 billion to transport, US$5.8 billion to energy sector, US$4.4 billion – mining and metallurgy industry.
According to the Government, about 50% of investments will be foreign investments, about 30% - own resources of companies and 20% - Fund for Reconstruction and Development and banks of Uzbekistan.
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