As part of the program to ensure energy independence and development of oil and gas processing
industries, Bukhara Oil Refinery, Shurtan Gas
Chemical Complex, Kungrad Soda Plant, Dehkanabad Potash Fertilizer Plant and a number of other
high-tech production facilities were built in collaboration with foreign partners. Among facilities put
into operation in Uzbekistan in 2015 was Ustyurt
Gas Chemical Complex at Surgil deposit which had
been built jointly with South Korean investors and
experts. This complex is worth more than $4 billion
and it is one of the most modern high-tech and large
industries in the world.
In recent years Uzbekistan is actively implementing
policy measures on modernization and technological renewal of industries, enhancing their production efficiency. As a result, labour productivity in
the country has increased by 2.2 times during the
period from 2000 to 2015.
Uzbekistan Fund for Reconstruction and Development (UFRD), created in 2006, plays an important
role in the implementation of modernization and
effective investment policy in the Republic. Its assets
reached $25 billion this year.
The active participation of the UFRD in implementation of new infrastructure projects has been
served to attract more than $10 billion of foreign
investment and loans in the form of co-financing
from the World Bank, Asian Development Bank,
Islamic Development Bank, financial institutions
of Japan, South Korea, China and other foreign
banks and investors.
On-going measures on to strengthening the
country’s export capacity allowed to increase the
volume of Uzbek exports by more than 30 times.
Despite different global downturns and recessions,
Uzbekistan has consistently provided trade surplus
over the past 17 years.
During the years of independence, the largescale projects on modernization and development of the road transport infrastructure were
implemented. As part of public roads development program, in the last 5 years almost 2.5 thousand km of roads were built and reconstructed,
including 1.5 thousands km as part of the Uzbek
National Highway.
The electrification of railway lines, connecting
Tashkent with regions of the Republic, was carried out. High-speed passenger train Afrosiyob
was put into operation on the basis of modern
and comfortable locomotives Talgo-250. The new
electrified 123 km railroad Angren-Pap, including
19 km tunnel, is being constructed and has a vital
importance for the development of a transnational transport corridor.
Currently more than 20 international transport
corridors are functioning in Uzbekistan, two of
which are the major international roads connecting
Western Europe with East Asia.
As part of development and updating of the
air transport in Uzbekistan, the state of the art
maintenance centre of western produced aircrafts was created, airports renovated, navigation system on the whole territory of Uzbekistan
is improved and recognized as one of the best air
traffic control systems in the CIS.
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