NEWS AND EVENTS
August 29, 2012
Uzbekistan to invest US$59.462m to development of SIZ Angren
The Government of Uzbekistan will direct US$59.462million to development of infrastructure of special industrial zone Angren in Tashkent region of the country.
Cabinet of Ministers of Uzbekistan issued a resolution “On measures on rapid development of transport, production and engineering-communication infrastructure of special industrial zone Angren for 2013-2015”.
In particular, the government will direct US$28.118 million to water supply infrastructure, US$14.482 million to electricity supply infrastructure, US$9.932 million to road construction, US$4.26 million to railroads construction, as well as US$3.568 million to gas supply infrastructure.
Within three years, it is planned to reconstruct sewerage system, substations, Ablik and Angren railway stations.
The projects will be financed due to funds of the state budget of Uzbekistan, the government’s resolution said.
SIZ Angren was founded on 13 April 2012 in line with the decree of the President Islam Karimov.
According to the decree, the special industrial zone “Angren” will function for 30 years, but the term can be extended in future.
The document said that the preferences are provided from 3 to 7 years, based on the volume of investments. The preferences are provided for three years at the investment volume from US$300,000 to US$3 million, for 5 years – over US$3 million to US$10 million and for 7 years – from US$10 million. (Source: UzDaily.com)