Uzbekistan directs 686.5 billion soums to housing construction in 1Q 2012

In January-March 2012, the total volume of utilized investments in fixed capital in Uzbekistan in national currency was 3.818 trillion soums (about US$2.1 billion).

About 2.758 trillion soums of investments (72.2% of total volume) were used in production branches of the economy, 1.06 trillion soums (27.8%) – in non-production branches, the State Statistics Committee of Uzbekistan said.

In January-March, 13,300 buildings or 13,500 apartments with the total space of 1.712 million quare meters (+4.3% y-o-y), including 1.209 million square meters (-2.7% % y-o-y) of the rural area, were built and put into operation.

Out of the total investments utilized in the non-production sphere, 86.3 billion soums (8.1% of their volume) were used in construction of medical establishments, 74.6 billion soums (7%) - in construction of education establishments, 60.3 billion soums (5.7%) – in public utility construction.

About 30.9 billion soums of investments were used for new construction and capital reconstruction of hospitals and outpatient departments, 2.3 billion soums – for construction and capital reconstruction of other health care objects, which made up 35.8% and 2.7% respectively of investments in the public health sector.

Some 8.7 billion soums of investments were used for construction and reconstruction of lyceums and vocational colleges, which made up 0.8% of investments in the non-production sphere and 11.7% of investments in education.

About 19.7 billion soums were used for construction of water-supply networks, of which 8.5 billion soums - foreign investments and credits (43.2% of their total volume), 8.1 billion soums – government budget (41.1%), 2.3 billion soums – means of population (11.7%). 3 billion soums were used for construction of gas networks, of which 2.7 billion soums (90%) - resources of population.

Construction activity

In January-March 2012 construction works were fulfilled to the amount of 1.846 trillion soums, which grew by 6.6% compared to January-March 2011.

Out of the total volume of construction works 79.3% falls on new construction, reconstruction, expansion and technical re-equipment of enterprises, 19.5% – on capital and current repair, and 1.2% – on other contract works.