The Cabinet of Ministers has approved a temporary regulation providing subsidies for the construction of cable cars, according to a document published in the Lex.uz database. This regulation aims to promote the development of modern infrastructure in areas with tourism potential.
The regulation will be effective until December 31, 2025, and applies to cable car projects that commenced after January 1, 2024. Under the new rules, the first 20 cable cars with a minimum length of 500 meters, commissioned before the deadline, will be eligible for financial compensation. The subsidy amount is set at UZS 1 bn (around $80,000) for every 500 meters of cable car length.
To qualify for the subsidy, investor companies must meet several criteria. They must not have any outstanding taxes or fees as stipulated by the Tax Code. Additionally, the companies must not be undergoing reorganization, liquidation, or bankruptcy.
The Tourism Committee will oversee the distribution of subsidies. Alongside the Ministry of Digital Development, it is tasked with launching the application process through the Unified State Register of Public Services within the next two months.
Investors seeking subsidies must submit an application along with a copy of the acceptance committee's act confirming the cable car's operational status. The Tourism Committee is required to review the application within 15 working days to determine whether the subsidy will be granted.
If the application is approved, the Tourism Committee will issue an order to the Ministry of Economic Development and Trade within 3 working days. The funds will then be transferred to the treasury account within the subsequent 3 working days and, finally, to the investor's bank account within an additional 5 working days.
Comments (0)