Active investment policy in the past year resulted in the implementation of 164 projects worth $5.2 billion and the creation of 5329 new jobs. 9 projects were implemented in the oil and gas industry, 20 in non-ferrous metallurgy, 5 in the electricity sector, 3 in mechanical engineering, 13 in electrical engineering, 17 in light industry, and 94 projects in other sectors, according to the report of the Ministry of economy.
Among major investment projects, it is worth to note the “Expansion of Talimarjan TPP with the construction of two combined-cycle plants with a capacity of 450 MW”, “Construction on the Angren TPP power unit of 130-150 MW district heating selection for burning high-ash coal”, “Expansion of cement plant in Jizzakh region”, “Construction of new smelting furnace at copper smelting plant”, “Organization of serial production of passenger cars of model “T-250” at JSC “GM Uzbekistan”, “Construction of new electrified railway Angren-PAP”, “Upgrading and unification of the fleet of the NAC “Uzbekistan Airways” (delivery of two aircraft Boeing-787)”, “Organization of spinning production at LLC “Indorama Kokand textile” (IV stage)” and “Organization of spinning production in Andijan region, Buloqboshi district at LLC “Fanteks”, etc.
In order to improve the effectiveness of monitoring the implementation of strategically important investment projects, timely decision-making to ensure quality and successful implementation of investment projects, the Ministry of economy together with the Information and Communications’ Ministry developed and implemented Automated information system “Monitoring”.
At the same time, a Monitoring procedure has been approved and established in order to monitor the implementation of the adopted programs, as well as to raise the responsibility of heads of ministries, departments and economic associations, the Council of Ministers of the Republic of Karakalpakstan.
This procedure allows revealing shortcomings within projects’ implementation, and making corresponding notes regarding their solution. (UzReport/Business World Magazine)