Reviewed the progress of investment projects with the involvement of funds from international financial institutions

On September 21, Deputy Prime Minister - Minister of Investments and Foreign Trade of the Republic of Uzbekistan Jamshid Hodjaev chaired a meeting in the format of videoconference dedicated to analysis of implementation of projects with attracting funds from international financial institutions.

The meeting was attended by heads of ministries, agencies, sectoral associations, commercial banks and local authorities of the Republic of Karakalpakstan, regions and the city of Tashkent.

It was announced that 111 investment projects worth 14.2 billion dollars are being carried out within the framework of State Investment Program for the year 2022 with involvement of funds of international financial institutions, of which 2.2 billion dollars will be implemented by the end of year. Also by the end of the year the realisation of 29 investment projects worth $2.4 billion will be completed.

The progress of the above projects in terms of regions and industries was reviewed. Possibilities of reducing the period of tender processes and evaluation of tender proposals, coordination of technical and economic parameters of projects were studied. The necessity to raise the qualification of personnel of project implementation groups and to strengthen control over the implementation of projects by contractors was voiced.

The heads of ministries and agencies in charge of the implementation of projects have been instructed to take comprehensive measures to avoid the above-mentioned cases of delay, to ensure the targeted use of foreign investments and timely commissioning of projects.

At the end of the meeting, the personal responsibility of the respective executives was emphasised and additional instructions were given to ensure quality execution of the assigned tasks.