Uzavtosanoat implements projects for US$381.5m

The projects will be realized within the programme of measures on ensuring structural reforms, modernization and diversification of production for 2015-2019, approved by the Uzbek President on 4 March 2015

Within the programme, Uzavtosanoat will implement projects on modernization and re-equipment of production capacities of automobile industry.

The project will be financed due to loans of the commercial banks at the size of US$245.3 million and own resources for US$135.9 million.

GM Uzbekistan will spend US$104.2 million to organize production of T250 car (Chevrolet Aveo) in 2015-2016. The capacity of a new line will be 73,600 automobiles a year.

GM Uzbekistan will also direct US$53.8 million to modernize existing capacities on production of spare parts for new model. The enterprise, in particular, will spend US$18.4 million to localize production of Gentra automobile.

Uzavtosanoat will invest US$38.4 million to implementation of project on production of aluminum spare parts for localization of other automobiles with the capacity of 3.2 million units a year.

The enterprise will use US$30 million to project on localization of production at the Uzbek German venture MAN Auto — Uzbekistan in Samarkand region. It is planned to localize truck cabins with the project worth US$16 million. The capacity of the project will be 3,000 cabins a year.