Uzavtosanoat plans to use investments for US$352m in 2010

Tashkent, Uzbekistan (UzDaily.com) -- Uzavtosanoat joint stock company plans to use investments for US$352 million in 2010, which is 1.5 times up compared to 2009.

The company plans to direct US$297.95 million to construction of new capacities and US$29.9 million to modernization and reconstruction of existing enterprises.

Own resources of Uzavtosanoat will comprise US$215.4 million and loans of local commercial banks will make up US$70.8 million. Fund for Reconstruction and Development of Uzbekistan will issue loan for US$45.6 million. The company plans to attract foreign direct investments and credits for US$20.3 million.