Uzbekistan uses investments for 16.82 trillion soums in 1Q

Tashkent, Uzbekistan (UzDaily.com) -- In the first quarter of 2018, 16.826 trillion soums of investments in fixed capital were utilized in Uzbekistan, 58.8% - outside funds and 41.2% - own funds of enterprises and organizations, the State Statistics Committee of Uzbekistan said.

A large share of investments in fixed capital -30.4% in the total volume of investments are funds of enterprises and organizations. Accordingly, the share in the total volume of direct and other foreign investments and credits -16.7%, population funds -10.8%, commercial bank credits and other borrowed funds -20.7%, the Development and Reconstruction Fund -7.0%, foreign credits under the guarantee of the Republic of Uzbekistan -11.2%, state budget -2.3%, targeted public funds -0.9%.

Investment projects carried out at the expense of the Reconstruction and Development Fund: construction of a mine for the extraction and processing of gold-bearing ore from the Auminso-Amantoy mine fields (GMZ-5) (I-II stages), Muruntau quarry (V-turn) I-stage, the construction of a cement plant, the development of the Yoshlik 1 deposit and others.

Due to foreign credits under the guarantee of the Republic of Uzbekistan: construction of the second combined-cycle plant with a capacity of 450 MW, construction of a new thermal power plant with a total capacity of 900 MW in Turakurgan district, construction of ammonia and urea production facilities, construction of a complex of polyvinyl chloride (PVC), caustic soda and methanol production and others. Credits of commercial banks are actively invested in housing construction.

The highest growth rates of investments in fixed capital were observed in Navoiregion, an increase of more than 2.3 times compared to the corresponding period of the previous year. This is due to the construction of a mine to extract precious metals. The increase in volume more than twice in Namangan region is due to the construction of a thermal power plant in Turakurgan district. Surkhandarya region saw an increase in volume by 2 times, mainly due to the implementation of an investment project for the construction of a cement plant in Sherabad district. As a result of active utilizationof investments forthe construction of the Yoshlik 1 mine a high growth rate of 144.2%was alsoobserved inTashkent region.

In Bukhara region there was a decrease in the growth rate to 72.2% to the corresponding period of the previous year. This is due to a large investment project of the past years to build a gas processing complex.

The city of Tashkent continues to lead in utilization of investments in fixed capital -22% of the total investments in fixed capital.

Despite the decrease in the volume of investments in comparison with the corresponding period of the last year, in Bukhara region the share of investments still makes up 15% after the city of Tashkent.

In Kashkadarya and Navoi regions this indicator was 12% and 11% respectively. Investments in Syrdarya, Khorezm and Jizzakh regions were minimized -2% per each.

In the technological structure of investments in fixed capital the share of construction and assembly work was 10 247,7 billion soums, costs for the acquisition of machinery, equipment and tools -5 067,5 billion soums, other expenses –1 511.4 billion soums.

The most part of the investments in fixed capital in the current period was directed to new construction. The volume of investments in new construction amounted to 10,656.6 billion soums, or 63.3% of the total investments.

Investments in the expansion, reconstruction, modernization and technical re-equipment of existing facilities amounted to 3,567.5 billion soums or 21.2% of the total investment. The remaining 15.5%, or 2 608.5 billion soums, were invested to other fields.

The largest share of investments aimed at new construction was observed in Bukhara region, accounting for 82.0% of the total investment in the republic. In Namangan region -81.9%, Surkhandarya region -76.8%, Kashkadarya region 74.8% and the Republic of Karakalpakstan -72.4% respectively. The lowest level of this indicator was observed in the city of Tashkent -only 42.9%.

Mining industry is leading in the structure of economic activity of investments in fixed capital. Due to all sources of financing 3,717.1 billion soums or 22.1% of the total volume of investments in fixed capital were utilized in this sector. Of them 2 983.8 billion soums or 17.7% of the total volume of investments were directed to the extraction of natural gas.

In the manufacturing 3 170.5 billion soums or 18.8% of the total volume of investments was used.As a part of the manufacturing industry the leaders are:-chemical industry -659.7 billion soums (share in the total volume of investments -3.9%); metallurgy industry -627.3 billion soums (3.7%); manufacture of textiles and apparel -459.9 billion soums (2.7%).

In the reporting period 4 689.5 billion soums or 27.9% of the total volume of investments in fixed capital were foreign investments and credits.

In the overall structure of foreign investment and credits, foreign investment amounted to 2628.8 billion soums, foreign credits - 2060.7 billion soums. Direct and other foreign investments and credits for the current period amounted to 2803.4 billion soums, of which 93.8% or 147.6 billion are foreign credits.

The growth rate of foreign investment and credits in comparison with the corresponding period of the previous year amounted to 121.2%. This indicator is the highest in Navoi region, where there was an increase of 7.9 times. The lowest indicator was observed in Samarkand region - 30.8%.

In the current period foreign investment and credits in fixed capital are mainly used in the mining industry and amounted to 2.269 billion soums or 48.4% of total foreign investment and credits. This is due to the implementation of the project for the development of the Kandym group of fields and the construction of a gas processing plant.

By type of activity, electricity and gas supply, 1,065.0 billion soums were used as a result of implementation of such large investment projects as the construction of a second combined-cycle plant with a capacity of 450 MW, construction of a new thermal power plant with a total capacity of 900 MW in Turakurgan district and others. Second place in terms of volume was occupied by the processing industry. 876.1 billion soums or 18.7% of the total volume of foreign investments and credits were used.

In the social sphere 14,104 housing units with a total space of 1,869.2 thousand square meters were constructed and put into operation, of which 9,661 units with a total space of 1.15 million square meters are located in the rural area.

1931 buildings with a total space of 168.4 thousand square meters were built and put into operation by standard designs. The most part of residential building was commissioned in Tashkent region -258.6 thousand square meters or 13.8% of the total volume of commissioned residential buildings. The following positions are occupied by Kashkadarya region and the Republic of Karakalpakstan, their share is 11.4% and 10.9%, respectively. The lowest share in the total volume of commissioned residential buildings belongs to Syrdarya region -0.9%.

In the sphere of public health services one outpatient department was put into operation in the city of Tashkent.

In the sphere of education in Syrdarya region a general education school for 40 pupil seats was put into operation due to the reconstruction.

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