The project has been included into the programme on priorities of industrial development of Uzbekistan in 2011-2015.

In line with the programme, the annual capacity of the complex will make up 660,000 tonnes of ammonia and 1 million tonnes of carbamide a year.

Uzkimyosanoat will direct US$80 million of owns resources to implementation of the project, while IPIC will attract foreign investments and loans for US$1.072 billion. Fund for Reconstruction and Development of Uzbekistan will issue a loan for US$150 million and the commercial banks – US$38 million.

As earlier reported, the sides will create a joint venture and each of them will possess equal share in the charter capital. The authorized capital will be US$536 million and it will be formed step-by-step in 2010-2014.

IPIC undertook obligation to create consortium of foreign banks and financial institutions to finance loan part of the project. The loans will be attracted without warranties of the Uzbek government.

UAE firm will also ensure that at least 70% of carbamide, produced at the plant, will be exported on world prices.

The Uzbek side will ensure construction of necessary external infrastructure for the complex, including electricity supply lines, motor and rail roads, etc.