Tashkent, Uzbekistan, Jan. 29
By Demir Azizov - Trend:
Uzbekistan will allocate $2,292 billion in 2015 for completion of 130 major investment projects with a total project cost of $7.442 billion, a representative of Uzbekistan's Economy Ministry told Trend on Jan. 29.
The interviewee said that this year it is planned to complete the construction of 45 new factories with a total project cost of $4,902 billion, as well as 87 projects worth $2.54 billion in the modernization of existing facilities.
In particular, the national holding company Uzbekneftegaz and a consortium of South Korean companies led by Kogas plan to complete the construction of the $4.1 billion worth Ustyurt gas and chemical complex in the country's northwest, while the state joint stock company Uzbekenergo plans to complete the construction of a $512 million worth 370 MW steam-gas plant at the Tashkent thermal power plant.
Navoi Mining and Metallurgical Complex (NMMC) will complete 5 projects to modernize the production worth $157.8 million until the end of 2015, Almalyk Mining and Metallurgical Complex (AMMC, Tashkent region) - the modernization of the copper plant worth $117.7 million, Uzhimprom will implement the extension of soda factory in Kungrad (north-west of the country) worth $110 million.
The projects are implemented within the framework of the investment program approved by the government of Uzbekistan. Their funding is implemented by the state budget of the Fund for Reconstruction and Development and the extra-budgetary funds, own funds of enterprises and foreign investments.
In total, Uzbekistan plans to draw 40.6 trillion UZS for implementation of 340 investment projects within the framework of the investment program.
The official exchange rate on January 29 is 2436.16 UZS / $1.