Tashkent, Uzbekistan, March 2
By Demir Azizov – Trend:
In 2017, Uzbekistan plans to channel $834.4 million from the country’s Fund for Reconstruction and Development for the implementation of 28 projects, included in the state investment program.
The investment program for 2017 was approved by a decree of Uzbekistan’s President Shavkat Mirziyoyev.
It is planned to allocate the main volume of the Fund’s loans – $640.5 million – for projects in fuel and energy complex of the country’s economy, as well as in the chemical, petrochemical and metallurgical industries.
In particular, the Fund will allocate $392 million in 2017 for implementation of projects in the oil and gas industry, $173.5 million – for projects in the electric power industry, $46 million – in the chemical industry and $29 million –for projects in metallurgy.
Also, $143.8 million will be used to develop transportation infrastructure, while $65 million will be allocated for projects for processing of agricultural products in the food and textile industries.
Uzbekistan’s Fund for Reconstruction and Development was established in 2006 for financing and co-financing of projects included in the state investment program.