Baku, Azerbaijan, Apr. 26
By Fakhri Vakilov – Trend:
There were 7.55 trillion soums of foreign loans disbursed under the guarantee of Uzbekistan in 1Q 2019, which is 25.3 percent of total investments more compared to 2018, Trend reports with reference to the State Statistics Committee of Uzbekistan.
In the reporting period, foreign investments and loans made up 10.54 trillion soums, or 35.3 percent of total investments in fixed assets. In the overall structure, foreign investments reached 2.73 trillion soums, while 7.8 trillion soums accounted for foreign loans.
Foreign direct investment and loans in the current period amounted to 2.43 trillion soums, and other foreign investments and loans amounted to 8.11 trillion soums.
The growth rate of foreign investment and loans reached 91.2 percent compared to the same period last year. This indicator was the highest in the Jizzakh region with an increase of 20.7 times and the lowest in the Bukhara region with 37.6 percent of the growth rate.
Investments in electricity, gas, steam and air conditioning amounted to 6.15 trillion soums, or 58 percent of total foreign investment and loans. The first investment was made in the expansion and construction of a second combined-cycle plant with a capacity of 450 MW. The second investment was aimed at the construction of a new thermal power plant with a total capacity of 900 MW consisting of two blocks of combined-cycle plants with a capacity of 450 MW each in the Turakurgan district of Namangan region.
A significant amount of foreign investments and loans amounting to 1.71 trillion soums, or 16 percent of their total volume, was used in the manufacturing industry. In the mining industry, the figure was 1.12 trillion soums or 11 percent of total foreign investments and loans. These investments are associated with such projects as the development of the Khauzak and Shady fields, geological exploration at the Kungrad site, and field development and hydrocarbon production at the Gissar Investment Block and in the Ustyurt Region.
A total of 1.3 billion soums at the expense of the population were invested in the construction and reconstruction of new gas networks and commissioning of 15.2 km of gas pipeline networks.
In total, 97.3 billion soums were invested in the installation of 328.4 km of water supply networks. Out of this sum, 18.2 billion soums were provided from the republican budget, 1.3 billion soums from the Water Supply and Sewerage Systems Development Fund, 5.7 billion soums from public funds, 13.0 billion soums were allocated by foreign investments and loans and 59.1 billion soums by other sources of financing.
During the reporting period, a total of 4,317.0 billion soums were invested in housing construction, of which 42.7 billion soums were provided from the Republican budget, 9.1 billion soums from own funds of enterprises and organizations, 2,030 billion soums from the population and 2,235.2 billion soums were allocated at the expense of other sources of financing.
($1-8436.68 soums on Apr. 26)
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