Uzbek President and Government discuss implementation of investment projects
31/05/2017 18:05
Uzbek President and Government discuss implementation of investment projects
31/05/2017 18:05
Tashkent, Uzbekistan (UzDaily.com) -- On 30 May, President Shavkat Mirziyoev held a video conference meeting, which critically analysed and evaluated the implementation of investment projects included in the Investment program for 2017.
Uzbek President said that raising the volumes of investments, commissioning modern production facilities are crucial for the development of the economy, creating new jobs, and most importantly, further enhancing the level and quality of life of the population.
The Investment program for 2017 includes 545 investment projects worth $50 billion, during the year it is planned to utilise $7.3 billion.
By the end of the year, it is planned to commission 170 new production facilities worth $2.4 billion. The meeting emphasized that in January-April this year completed the implementation of 9 projects for a total amount of 73.5 million dollars.
In addition, the meeting criticized the lack of responsibility, exactingness and initiative of managers in some sectors and regions that led to the delay in implementation of various investment projects.
The head of our state stressed that the failure of investment projects affected the timely and qualitative commissioning of modern objects, ensuring the work of many people, especially youth, he warned of taking strict measures against those guilty in such cases.
The meeting stressed that the development of appropriate documentation at the incipient level of the project does not meet the requirements, and this becomes one of the main reasons for failure in timely implementation of those projects.
The analysis shows that there are facts of inclusion in the Investment programme of some hopeless projects without funding sources and target strategy, without appropriate calculations for expected results.
In this regard, the President instructed the relevant ministries and agencies for developing and recommending for approval within two months of the draft resolution on the improvement of the legal base for formation and realization of Investment programs on the basis of the strategic objectives of socio-economic development of the country, creating a database of promising investment projects.
The meeting also heard and discussed reports and proposals from the heads of complexes of the Cabinet of Ministers, ministries and departments, companies and associations, governments. Specific instructions were given to enhance the implementation of investment projects, solving existing problems.
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