Uzbekistan to complete implementation of 132 projects in 2014

In line with the document, it is planned to complete construction of 53 new production capacities for US$3.212 billion and 79 projects on modernization of existing capacities for US$1.017 billion.

At the same time, it is planned to use US$1.346 billion to complete realization of these projects.

Uzbekneftegaz national holding company is planning to launch seven objects with total cost of US$3.273 billion. In particular, it is planned to complete third line of gas pipeline “Central Asia-China” with the capacity of 25 billion cubic meters a year and two booster compression stations in Kashkadarya region.

Navoi Mining and Metallurgy Combine will complete implementation of nine projects for US$326.5 million. The combine will construct one uranium mine and complete expansion of phosphorous complex and modernization of mining transportation equipment.

Almalyk Mining and Metallurgy Combine will commission six projects worth US$272 million to build a new gold mine, sulfuric acid plant and a cement factory, as well as reconstruction of the zinc plant.

Earlier reported, Uzbekistan plans to realize over 300 investment projects for US$55.4 billion in 2009-2014. About 50% of these funds are foreign investments, 30% - own resources of the Uzbek companies and 20% - Fund for Reconstruction and Development of Uzbekistan, as well as commercial banks of Uzbekistan.