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Economy 19/10/2011 Uzbek Agriculture Ministry attracts investments for US$77.68m in Jan-Sep
Uzbek Agriculture Ministry attracts investments for US$77.68m in Jan-Sep
Tashkent, Uzbekistan (UzDaily.com) -- Ministry of Agriculture and Water Management of Uzbekistan attracted foreign investments for US$77.68 million in nine months of 2011, the Department of attracting foreign investments and projects monitoring of the Ministry said.

In line with the presidential resolution “On Investment Programme of Uzbekistan for 2011” from 29 December 2010, the Ministry of Agriculture and Water Management implements 10 projects in 2011 with forecasted volume of attracted loans for US$106.47 million.

In particular, some US$4.638 million were used within the project “Drainage project of Uzbekistan. Drainage project in Southern Karakalpakstan”, which is implemented due to loan of the International Bank for Reconstruction and Development in January-September 2011.

Total cost of the project makes up US$74.55 million. Since launch of the project, some 52.442 million were used and it makes up 87.4% of total loan sum.

In nine months of 2011, the ministry utilized US$3.045 million within the project “Rehabilitation of pump station Kuyu-Mazar in Bukhara region”, which is realized within the OPEC Fund. The project cost is US$18.47 million, including OPEC Fund loan – US$12 million. Since project launch, some 11.236 million or 93.6% of loan sum have been used.

The project “Rehabilitation of Alat pump station in Bukhara region” is realized due to loans of Saudi Development Fund. Total cost of the project is US$17.01 million, including SDF loan – 12 million and government contribution – US$5.01 million. In January-September 2011, the ministry attracted US$8.886 million within the project. Overall, US$9.086 million or 75.7% of total loan sum were used so far.

Asian Development Bank (ADB) issued US$73.2 million to project “Rehabilitation of Amu Zang channel system”, total cost of which is US$112.6 million. The government contributed to the project some US$36.95 million, beneficiaries – US$1.64 million and private sector – $0.08 million. In January-September 2011, over 3.937 million were used within the project. Since project launch, the ministry used US$65.393 million or 8.3% of total loan.

The project “Water resource management in Ferghana and Zarafshan Valleys” also implemented with the ADB. The project’s total cost is US$144.05 million, of which US$100 million is the ADB loan and US$44.05 – contribution of the government.

Within the project, the ministry attracted US$13.57 million in January-September 2011 and US$19.97% million since launch of project.

The project “Rehabilitation of irrigation network and drainage system in Jizzakh and Syrdarya region” is realized within the loans of Kuwait Fund for Arab Economic Development, Islamic Development Fund, OPEC Fund.

The project cost is US$94.3 million, including KFAED loan – US$15.62 million, IDB loan – US$52.65 million and OPEC Fund loan – US$12.72 million, and the government contribution – US$13.3 million. In nine months of 2011, some US$8.153 million were used within the project. Since project start, the ministry attracted US$19.57 million or 24.2% of loan sum.

Over US$10.289 million were used within the project “Management of water resources in Ferghana Valley. Phase 1”. The project cost is US$81.85 million, of which US$65.54 million are the World Bank loans. In nine months of 2011, the ministry used US$10.289 million. Since the project launch, US$13.031 million or 19.9% of credit sum were utilized.

The project “Reconstruction of pump station Karakul in Bukhara region” is implemented within no-string aid of the Chinese government at the size of US$7.3238 million. The ministry used US$2.63 million within the project in nine months of 2011 and US$7.01 million (96% of no-string aid) since its launch.

International Development Agency is taking part in the project “Support of Agriculture enterprises. Phase 2” with the cost of US$76.943 million. The IDA loan makes up US$67.96 million. Over US$10.703 million were used in nine months of 2011 within the project and US$33.28 million (48.97% of total loan) since its launch.

The project “Improvement of land-improvement in Bukhara, Navoi and Kashkadarya region” is implemented in the partnership with the ADB. The project cost is US$76.18 million, including US$60.2 million ADB loan.

In January-September 2011, the ministry utilized investments for US$11.828 million within the project. Since its launch, the ministry used investments for US$20.619 million or 34.3% of total loan.

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