Tashkent, Uzbekistan (UzDaily.com) - In January-June 2019, the volume of investment in fixed assets in Uzbekistan reached 85.8 trillion soums and, compared with the same period of last year, which grew by 58.9%, the State Statistics Committee said.

In the reporting period, at the expense of centralized sources of financing, 26.84 trillion soums were invested in fixed capital, or 31.2% of the total investment, which is 11.6 pp higher than in the same period of last year.

Correspondingly, in the reporting period, 58.93 trillion soums were invested, or 68.8% of their total volume, which was less by 11.6 points compared to the same period of last year, due to decentralized sources of financing.

At the expense of own funds of enterprises and organizations, 16.84 trillion soums of investments in fixed capital, or 19.7% of their total volume, were disbursed. At the expense of the population, 8.9 trillion soums were invested, or 10.4%.

In the reporting period, 14.39 trillion soums were used due to foreign direct investment, which, compared to the same period in 2018, increased by 5.1 pp, or 16.8% of the total investment.

Along with this, 14.49 trillion soums were used for loans of banks and other borrowed funds (of the total investment in fixed assets 16.9% and this figure, compared with last year, decreased by 8.7 percentage points .) due to loans guaranteed by the Republic of Uzbekistan, reaching 13.73 trillion soums (16.0% increased by 8.7 percentage points), other foreign investments and loans (including unsecured loans) – 4.3 trillion soums (5.0% increased by 3.1 percentage points), the Fund for Reconstruction and Development – 5.41 trillion soums (6.3% decreased by 0.2 percentage points), the Republican budget – 7.05 trillion soums (8.2% increased by 2.6 percentage points), the Fund for the Development of Water Supply and Sewage Systems - 604.6 billion soums (0.7%) and the Fund for the Development of Physical Culture and Sports - 28.7 billion soums.

The highest rates and growth rates for sources of financing investments in fixed assets were observed for foreign loans guaranteed by the Republic of Uzbekistan, which, compared with the corresponding period of last year, was an increase of 3.5 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; construction of a new thermal power plant at the Turakurgan TPP with a total capacity of 900 MW as part of two blocks of combined-cycle plants with a capacity of 450 MW each; construction of two combined-cycle plants of the Takhiatash TPP with a capacity of 230-280 MW; expansion with the construction of the second combined-cycle plant of Navoi Thermal Power Plant with a capacity of 450 MW; ammonia, carbamide, nitric acid production; construction of a complex for the production of polyvinyl chloride (PVC), caustic soda and methanol; restoration of the Amu-Bukhara irrigation system; the introduction of an automated system for recording and controlling the consumption of electric energy, etc.

In a territorial aspect, investments in fixed assets showed the highest growth rates in Kashkadarya region - 2.1 times more than last year. The increase in growth rates was achieved through the construction of an organization for the production of synthetic liquid fuels, the development of oil and gas fields, as well as other major investment projects.

Along with this, high growth rates were also observed in Syrdarya region, having doubled the volume compared to the corresponding period of the previous year. This result can be explained by the phased modernization of power units of Syrdarya thermal power plant.

Investment growth by 99.3% compared to last year in the Namangan region is primarily associated with the construction of a thermal power station in the Turakurgan district.

The decline in investment growth over the same period of last year was noted in Bukhara region by 8.9%, which is mainly due to large investment projects of past years for the construction of a complex associated with gas processing.

Tashkent city still leads in the regional context, which is 21.1% of the total investment in fixed assets.

In Kashkadarya and Navoi regions this figure reached 12.1 and 11.6% respectively.

The share of investments in fixed assets to the total volume in the republic was the lowest in Khorezm and Syrdarya regions - 2.8% and 2.9%, respectively.

In the technological structure of investments in fixed capital in the Republic of Uzbekistan, 43.65 trillion soums were sent to machines, equipment and inventory, which accounted for 50.9% of their total volume, investments in construction and assembly work reached 34.99 trillion soums ( the share in total investments in fixed capital amounted to 40.8%) and other expenses – 7.13 trillion soums (8.3%).

The highest proportion of construction and installation works in the total investment in fixed assets was observed in Bukhara region - 56.7%, or 2.84 trillion soums.

The lowest level of this indicator was recorded in Namangan region - 27.7%, or 1.56 trillion soums and, accordingly, the region had the highest share of expenditures on machinery, equipment and inventory - 67.0%, or 3.78 trillion soums.

Most of the investment in fixed assets in the reporting period was directed to new construction, the volume of which reached 43.89 trillion soums, which accounted for 51.2% of the total investment.

Investments in the expansion, reconstruction, modernization and technical re-equipment of existing facilities made up 25.65 trillion soums, or 29.9% of their total volume. The remaining 18.9%, or 16.23 trillion soums, were directed to  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 82.1% of the total investment.

The lowest level of this indicator in this period was noted in Andijan region, which amounted to 31.4%.

The largest share - 47.8% of the total investment in fixed assets, aimed at expanding, reconstructing, modernizing, technical and technological re-equipment of existing production facilities and other facilities, was observed in Ferghana region.

In the structure of investment by type of economic activity, the manufacturing industry prevails. At the expense of all sources of financing in this industry, 23.99 trillion soums, or 28.0% of the total investment in fixed assets, were disbursed. As a part of a manufacturing industry three kinds of activity lead:

- production of other non-metallic and non-mineral products – 4.81 trillion soums (the share in the total investment in fixed capital 5.6%);

- production of textiles – 4.58 trillion soums (5.3%);

- metallurgical industry – 4.14 trillion soums (4.8%).

For such types of economic activity as electricity and gas supply, a significant amount of investments has also been mastered – 12.14 trillion soums (14.2%).

In the mining industry, 6.31 trillion soums were discharged, or 7.4% of the total investment, of which 3.62 trillion soums, or 4.2%, were used to extract natural gas and crude oil.

In the reporting period, 32.43 trillion soums, or 37.8% of the total investment in fixed assets, were foreign investments and loans.

In the total structure of foreign investments and loans, foreign investments reached 15.46 trillion soums and, accordingly, 16.97 trillion soums accounted for foreign loans.

Foreign direct investment and loans in the current period made up 14.39 trillion soums, other foreign investments and loans – 4.31 trillion soums.

The growth rate of foreign investment and loans, compared with the same period of last year, increased by 2.9 times.

This indicator was the highest in Jizzakh region, where there was an increase of 11.0 times. This indicator was the lowest in Bukhara region - 89.1%.

A significant amount of foreign investment and loans was used in the manufacturing industry, which made up 12.42 trillion soums, or 38.3% of their total volume. Also, high rates were recorded in production of non-metallic non-mineral products - 11.3%, or 3.67 trillion soums, textile products - 8.9%, or 2.89 trillion soums, chemical products - 6.1%, or 1.99 trillion soums.

For such activities as electricity, gas, steam and air conditioning, a significant amount of foreign investment and loans was also used, which made up 9.63 trillion soums, or 29.7% of their total volume.

In the mining industry, this figure made up 3.34 trillion soums, or 10.3% of the total foreign investment and loans. This, in particular, is connected with such projects as the development of Khauzak and Shady fields, as well as geological exploration in tKungradsky district, the development of fields and the extraction of hydrocarbons in the territories of the Gissar Investment Block and Ustyurt region.

In the current period, the following objects were entered:

- 20 units oil and gas wells with a total cost of 624.1 billion soums;

- two micro hydro power plants with a total capacity of 400 kW;

- 526.5 km of power lines 0.4-6-10 kW with a total value of 107 billion soums;

- 89.4 km of power lines VL-220 kW with a total value of 50.4 billion soums;

- external power supply of railway lines worth 34.2 billion soums;

- 67.8 km of the reconstruction of the main irrigation canal in the Khorezm region worth 67.9 billion soums;

- 855 base stations (data network development) worth 116 billion soums;

- a mill that processes 300 tons of raw materials per day at a cost of 36.9 billion soums, etc.

About 2.1 billion soums were invested in new construction and reconstruction of gas networks, of which 2.0 billion soums were invested by the population, the remaining 0.1 billion soums by other sources of financing.

In total, 994.8 km of water supply networks were introduced in the republic, 371.5 billion soums were invested, including 119.6 billion soums were used from the Republican budget, 97.5 billion soums from the Fund for the Development of Water Supply and Sewerage Systems, 10 , 4 billion soums - from public funds, 5.5 billion soums - from enterprises and organizations, 50.3 billion soums - foreign investments and loans, 88.2 billion soums - other sources of financing.

During the current period, a total of 10.22 trillion soums were invested in housing construction, of which from the Republican budget - 62.5 billion soums, own funds of enterprises and organizations - 15.9 billion soums, household funds - 5633.4 billion soums and 4510.2 billion soums were disbursed at the expense of other sources of financing.

In total for the current period, 6.65 million square meters of housing was developed, which made up 23.1% of the corresponding period of the previous year, of which 6.17 million square meters were commissioned by individuals, which, compared to the same period of last year, fixed at 21.9%, the area of ouses for standard projects was 445,800 square meters, which, if compared with the corresponding period of last year, reached 43.3%.