ssvn as

Uzbekistan uses 29.88 trillion soums of investments in 1Q

Botschaft Usbekistan, April 29, 2019

In January-March 2019, Uzbekistan mastered 29.88 trillion soums of investments in fixed assets, of which 68.7%, or 20.52 trillion soums were raised funds, as well as 31.3%, or 9.36 trillion soums - own funds of enterprises and organizations.

In the reporting period, 12.49 trillion was mastered from centralized sources of financing or 41.8% of the total investment, which is 23.9 percentage points more than in the same period of last year.

In the reporting period, due to decentralized sources of funding, 17.39 trillion soums were spent or 58.2% of the total investment, which is 23.9 percentage points less than in the same period of last year.

At the expense of own funds of enterprises and organizations, 6.21 trillion soms of investments in fixed capital, or 20.8% of their total volume, were mastered. At the expense of the population has been mastered investment for 3.62 trillion soums, or 12.1%.

In the reporting period, under a guarantee of the Republic of Uzbekistan, foreign loans of 7.55 trillion soums were used, which, compared with 2018, is more by 16.1 percentage points, or 25.3% of the total investments.

However, at the expense of bank loans and other borrowed funds, 4.56 trillion soums were used (15.3% of the total investment in fixed assets and this figure, compared with last year, decreased by 8.8 percentage points), due to foreign direct investment - 2.43 trillion soums (8.1%, decreased by 5.4 percentage points), other foreign investments and loans - 555.9 billion soums (1.9%, decreased by 0.7 percentage points), the Fund for Reconstruction and Development - 2.7 trillion soums (7.0%, decreased by 4.1 percentage points), the Republican budget - 2.09 trillion soums (7.0%, increased by 4.1 percentage points), the Fund for Development of Water Supply and Sanitation Systems — 126.1 billion soums (0.4%) and the Fund for Development of Physical Culture and Sports — 12.1 billion soums , which amounted to 0.1% of the total investment in fixed assets.

The highest rates and growth rates for sources of financing investments in fixed assets were observed for foreign loans under the guarantee of the Republic of Uzbekistan, which, compared to the corresponding period of last year, increased 3.6 times. This is due to large investment projects, in particular, such as the production of synthetic liquid fuels based on purified methane from the Shurtan Gas Chemical Complex; Turakurgan TPP for the construction of a new thermal power plant with a total capacity of 900 MW, consisting of two blocks of combined-cycle plants with a capacity of 450 MW each in the Turakurgan district of Namangan region; Takhiatash TPP for the construction of two combined-cycle plants with a capacity of 230-280 MW; Navoi TPP for expansion with the construction of a second combined-cycle plant with a capacity of 450 MW, etc.

In territorial aspect, investment in fixed assets the highest growth rate was observed in Navoi region - 2.1 times more than last year. The increase in growth rates was achieved through the construction of a mine for the extraction of precious metals.

In Kashkadarya region, the increase in investment by 2 times was achieved through the construction of an organization for the production of synthetic liquid fuels, the development of oil and gas fields, and other major investment projects.

The growth by 86.0% compared to last year in Namangan region is primarily associated with the construction of a thermal power station in Turakurgan district.

The decline in investment growth over the corresponding period of last year was noted in Bukhara region - by 50.0%, due to large investment projects of the past years for the construction of a complex associated with gas processing.

Tashkent still leads in the regional context, which is 19.6% of the total investment in fixed assets. Accordingly, in Kashkadarya and Navoi regions this figure reached 17.4 and 15.4%.

The share of investments in fixed assets to the total volume in the republic was the lowest in Khorezm and Syrdarya regions - 1.7%.

In the technological structure of investments in fixed assets in the Republic of Uzbekistan, 12.08 trillion soums were spent on construction and installation works, which accounted for 40.4% of their total volume, investments in machinery, equipment and inventory reached 14.9 trillion soums (share in total investment in fixed assets 49.9%) and other expenditure - 2.89 trillion soums (9.7%).

The highest proportion of construction and installation works in the total investment in fixed assets was observed in Samarkand region - 61.1%. This is due to investment activity in industries such as the construction of residential buildings.

As a result of the construction of numerous residential buildings and other social facilities, 61.0% of the construction and installation works of the total investment in Jizzakh region were carried out.

Most of the investment in fixed assets in the reporting period was directed to new construction, the volume of which reached 17.73 trillion soums, which accounted for 59.3% of the total investment.

Investments in the expansion, reconstruction, modernization and technical re-equipment of existing facilities made up 7.91 trillion soums, or 26.5% of their total volume. The remaining 14.2%, or 4.24 trillion soums were implemented in other areas.

As a result of organizing the production of synthetic liquid fuels, the largest share of investments addressed to new construction was noted in Kashkadarya region and accounted for 90.5% of the total investment in this region.

Accordingly, this figure was 78.3% in Namangan region, 72.9% in the Republic of Karakalpakstan, 57.6% in Tashkent, and 56.3% in Samarkand regions.

The lowest level of this indicator was noted in Andijan region, which amounted to only 23.3%.

The largest share - 54.4% of the total investment in fixed assets, aimed at expanding, reconstructing, upgrading, technical and technological re-equipment of existing production facilities and other facilities, was observed in the Andijan region.

In the structure of investments by types of economic activity electricity supply and gas supply prevail. At the expense of all sources of financing in the industry 8.23 trillion soums were mastered or 27.6% of total investments in fixed assets.

The manufacturing industry also mastered a significant amount of investment - 5.54 trillion soums. As a part of a manufacturing industry three kinds of activity lead:

- chemical industry - 1.18 trillion soums (4.0%);

- metallurgical industry - 1.09 trillion. soums (share in total investments - 3.7%);

- production of textiles and clothing - 970.9 billion soums (3.3%).

The mining industry used 2.03 trillion soums, or 6.8% of total investments, of which 1.25 trillion soums, or 4.2%, were used to extract natural gas and crude oil.

In the reporting period 10.54 trillion soums, or 35.3% of total investments in fixed assets, were foreign investments and loans.

In the overall structure of foreign investment and loans, foreign investment reached 2.73 trillion soums and, respectively, 7.8 trillion soums accounted for foreign loans.

Foreign direct investment and loans in the current period amounted to 2.43 trillion soums, other foreign investments and loans - 8.11 trillion soums.

The growth rate of foreign investment and loans, compared to the same period of last year, reached 91.2%. This indicator was the highest in Jizzakh region, where there was an increase of 20.7 times. This indicator was the lowest in the Bukhara region - 37.6%.

As a result of projects such as the expansion with the construction of a second combined-cycle plant with a capacity of 450 MW, the construction of a new thermal power plant with a total capacity of 900 MW consisting of two blocks of combined-cycle plants with a capacity of 450 MW each in Turakurgan district of Namangan region, investments in electricity, gas, steam and air conditioning reached to 6.15 trillion soums, or 58% of total foreign investment and loans.

A significant amount of foreign investment and loans was also used in the manufacturing industry, which made up 1.71 trillion soums, or 16% of their total volume.

In the mining industry, this figure made up 1.12 trillion soums or 11% of total foreign investment and loans. In particular, it is associated with such projects as the development of Khauzak and Shady fields, as well as geological exploration at Kungrad site, field development and hydrocarbon production in the territories of the Gissar Investment Block and the Ustyurt Region.

About 154.7 billion soums were used for new construction and capital reconstruction of hospitals, outpatient clinics, rural medical institutions and other health facilities. Of these, 26.5%, or 41.0 billion soums, was mastered through new construction, the remaining 73.5%, or 113.7 billion soums, through the reconstruction of facilities.

During the construction and reconstruction of vocational colleges, 16.7 billion soums were spent, and during the construction and reconstruction of higher education institutions - 102.4 billion soums.

As part of the measures implemented to further increase the quality of the educational process, 108.0 billion soums were mastered for the construction and reconstruction of general education and specialized schools, and 51.0 billion soums for capital repairs.

The leading positions in the development of investments for the construction and reconstruction of general education and specialized schools are occupied by Samarkand region - 25.3 billion soums, and in the Republic of Karakalpakstan the smallest investments are used - 0.6 billion soums.

260.1 billion soums were spent on the construction and reconstruction of pre-school educational institutions and 1935 places were introduced due to reconstruction. At the same time, of all utilized investments, 8.5%, or 22.1 billion soums, were made at the expense of new construction, the remaining 91.5%, or 238.0 billion soums, at the expense of reconstruction.

A total of 1.3 billion soums were invested in new construction and reconstruction of gas networks, and at the expense of the population, 15.2 km of gas pipeline networks were commissioned.

Totally, 328.4 km of water supply networks were introduced in the republic, 97.3 billion soums were invested, including 18.2 billion soums from the republican budget, 1.3 billion soums from the Fund for the Development of Water Supply and Sewerage Systems, 5,7 billion soums - from public funds, 13.0 billion soums - foreign investment and loans, 59.1 billion soums - from other sources of financing.

Over the current period, a total of 4.31 trillion soums were invested in housing construction, of which from the Republican budget - 42.7 billion soums, own funds of enterprises and organizations - 9.1 billion soums, household funds – 2.03 trillion soums and 2.23 trillion soums were disbursed at the expense of other sources of financing.

During the current period, 2.33million square meters of housing, i.e. this reached 125.0% of the corresponding period of the previous year, of which 2.15 million square meters were commissioned by individuals, which, compared to the corresponding period of the previous year, reached 128.0%, the area of typical projects and the area amounted to 171,900 square meters, which, compared with the corresponding period of last year, is equal to 102.1%.

UzDaily.com


Original-Inhalt von Botschaft Usbekistan und übermittelt von Botschaft Usbekistan