Tashkent, Uzbekistan, Oct. 23
By Demir Azizov- Trend:
The state share of the Tashkent Mechanical Plant JSC (the former Tashkent Aircraft Production Association named after V.P. Chkalov) has been transferred to the authorized capital of Uzbekistan Temir Yollari JSC (Uzbekistan Railways) at a rate of 81.52 percent by the resolution of the government of Uzbekistan.
A program for the integration of the enterprise in the industrial structure of the railway company will be developed in the near future in accordance with the decree "On additional measures for the efficient use of state property".
The National Bank for Foreign Economic Activity of Uzbekistan and the Ministry of Foreign Economic Relations, Investments and Trade of the Republic continue to own stakes of 6.7 percent each of the shares of the Tashkent Mechanical Plant, while the remaining shares belong to the working collective.
It is planned to sell 25.6 percent of the government stake of the plant to the foreign investor within the framework of the privatization program announced in Uzbekistan in April 2015.
The Tashkent Aircraft Production Association named after V.P. Chkalov was renamed into Tashkent Mechanical Plant JSC in 2013.
A project for the creation of a rolling stock with an estimated value of $200 million, as well as for the construction of new freight wagons, refrigerator sections and containers, passenger cars as well as spare parts and accessories on the basis of the plant is currently being worked out.
The projects will be financed through own funds of the railway company.