BAKU, Azerbaijan, April 28. Water conservation in Uzbekistan requires $19 billion worth of investments, Igor Alekseev, managing director and partner in Boston Consulting Group said at the panel discussion as part of the second Tashkent International Investment Forum (ТIIF-2023), Trend reports via Uzbekistan’s Ministry of Investment, Industry, and Trade.
“Some $4 billion, from the mentioned amount of money, will be spent on pumping stations, while some $6 billion on subsidies to economic agents for introduction of water-saving technologies,” he said.
Alekseev also pointed out that Boston Consulting Group jointly with Uzbekistan’s Ministry of Finance and the Ministry of Water Resources has developed a model of a canal system with an assessment of its functions.
“According to our data, the priority should be measures aimed at additional volumes of water supplies to the regions of the country. For example, new dams and new reservoirs should be established in the nearest future,” he added.
On April 28, the Tashkent International Investment Forum (ТIIF-2023) was into its second day. During the scheduled panel discussions, the participants of the event discussed a wide range of issues, ranging from the potential of Tashkent as an international financial center, business opportunities, e-commerce, and prospects for deepening cooperation between the CIS countries, to energy, industry, smart investments and agriculture.
Tashkent International Investment Forum is a large-scale dialogue platform for the entire Central Asian region, which is aimed to attract big foreign investment, financial and economic organizations, and companies interested in integrating into the dynamically developing market of Uzbekistan.