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Finance
20/07/2009
Uzbekistan directs US$1.541bn to modernization of production in 1H 2009
Uzbekistan directs US$1.541bn to modernization of production in 1H 2009
Tashkent, Uzbekistan (UzDaily.com) --
Actual volume of capital investments in Uzbekistan comprised 2.29 trillion soums (about US$1.541bn) in January-June 2009, or up 49.3% of annual forecast, Ministry of Economy of Uzbekistan said.
Total forecast for capital investments for 2009 to modernization, technical and technological re-equipment will make up 4.643 trillion soums (US$3.124bn) due to own resources of enterprises.
The country used 897.6 billion soums (US$604m) within the investment programme of Uzbekistan for 2009. Uzbekistan plans to attract 1.603 trillion soums (US$1.078bn) within the investment programme in 2009.
Uzbekistan utilized 93.5 billion soums (US$62.9m) out of total 241.2 billion soums (US$162.3m) due to resources of the National Road Fund in the reporting period.
Fund for Reconstruction and Development of Uzbekistan allocated seven projects for US$166.36 million or 62.6% of annual forecast. The fund plans to issue US$265.55 million on 11 projects in 2009.
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