NEWS AND EVENTS
December 18, 2012
FRDU to allocate US$908.45m to investment projects in 2013
Fund for Reconstruction and Development of Uzbekistan (FRDU) will allocate US$809.45 million to implementation of 34 projects in 2013, which were included to investment programme of the country for next year.
In particular, FRDU will finance projects in such sectors as energy, gas and oil, chemistry, transport, tourism and others.
Total cost of these projects make up US$15.216 billion and the FRDU will allocate US$2.792 billion to their realization.
In 2013, it is planned to use investments for US$2.295 billion from all sources to finance these projects. It is expected that US$780.14 million of FRDU funds will be used in 2013. At the same time, the project participants will invest US$387.06 million of own resources and attract US$711.05 million of foreign investments and loans, as well as US$416.96 million from other sources to realize these projects.
In 2013, the FRDU will direct the largest volume of loans (US$767.45 million) to implementation of projects in fuel-energy, chemistry, petrochemical industries and metallurgy sector. Overall, US$2.014 billion will be directed to implementation of projects in this sector. About US$714.7 million of them will be FRDU funds.
Complex for communal sector, transport, capital construction and construction will receive US$42 million from FRDU in 2013. The sector will implement projects for US$281.25 million, of which US$65.44 million will be FRDU resources.
Fund for Reconstruction and Development of Uzbekistan was created in May 2006 in line with the presidential resolution “On measures on organization activity of the Fund for Reconstruction and Development of Uzbekistan”. The fund was founded for financing and co-financing important investment projects, included into the state investment programme. (Source: UzDaily.com)