During a meeting chaired by Shavkat Mirziyoyev, it was announced that an additional $100mn would be allocated towards infrastructure projects, the President's press secretary reports.
The meeting highlighted the introduction of a new system to expedite the progress of 1,500 investment projects, amounting to $12.1bn in foreign investments. Specifically, within the framework of the state investment program, 272 significant projects worth $11.5bn will be completed ahead of schedule.
Responsibility and accountability for each project were assigned to the respective minister, deputy ministers, and bank managers. The aim is to address infrastructure concerns and accelerate the completion of 89 major projects across various regions. This year, $86.5mn have been allocated from the budget for infrastructure development. However, it was acknowledged that this amount was insufficient, leading to the decision to allocate an additional $100bn for infrastructure purposes.
It was emphasized that the absorption of $4.6bn in foreign direct investment was necessary for the implementation of 1,200 regional projects. These projects were categorized and will be addressed accordingly. The government commission, in collaboration with the minister and sector leaders, was directed to assess each project individually and expedite their progress by involving international financial institutions.
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