GM Uzbekistan to launch production of two new car models
16/06/2017 17:17
GM Uzbekistan to launch production of two new car models
16/06/2017 17:17
Tashkent, Uzbekistan (UzDaily.com) -- GM Uzbekistan, an Uzbek-US joint venture, will establish production of two new models of cars in 2018-2021.
On 1 June 2017, President of Uzbekistan Shavkat Mirziyoyev signed a resolution “On measures on further improving management and accelerated development of the automotive industry for 2017-2021”.
With his resolution, the Uzbek President approve the programme on development of automobile industry in Uzbekistan for 2017-2021. The programme includes a list of investment projects, which will be implemented in the industry.
According to the decree, GM Uzbekistan will implement the first project in 2018-2020 to develop the serial production of a new passenger car. The cost of the project is US$143.8 million, of which US$60.5 million will be foreign investments and loans. The capacity of the production line will be 46,000 cars a year.
The second project worth US$130.8 million will be implemented in 2019-2021. The project will create capacities for production of 43,000 new cars a year.
The resolution did not mention, which models of cars will be produced by GM Uzbekistan.
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