Baku, Azerbaijan, Sept. 27
By Fikret Dolukhanov – Trend:
By the end of 2018, the Almalyk Mining and Metallurgical Combine (AMMC) will complete six investment projects with a total cost of 2.08 trillion soums ($257.45 million), aimed at increasing the capacity for extraction and processing of raw materials, the state enterprise told Trend on Sept. 27.
According to AMMC, of the total amount allocated for implementation of the projects, 348.2 billion soums fall on the company's own funds, 1.23 trillion – Fund for Reconstruction and Development of Uzbekistan, 498 billion – commercial banks of the country.
Among the investment projects currently being implemented are the construction of a cement plant in the Sherabad district of Surkhandarya region (863.8 billion soums), the development of the Yoshlik I (305.9 billion soums) and Yoshlik II (10 billion soums) fields, the construction of an underground mine at the Samarchuk site of the Kyzyl-Alma field (18 billion soums).
As of now, AMMC is implementing the investment projects ahead of schedule. To date, 1,258.5 billion soums worth of investments have been directed to the projects, which is 5.1 percent higher than the forecast figures (1,197.7 billion soums).
It was earlier reported that the Navoi Mining and Metallurgical Combine and the Almalyk Mining and Metallurgical Combine are the top taxpayers in Uzbekistan.
The total share of the two plants in the budget revenues in 2018 is 8.1 percent, with the contributions of the Navoi MMC at 5 percent and the contributions of the Almalyk MMC at 3.1 percent.
(8079.28 UZS = 1 USD on Sept. 27)
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