uzbek_digesteconomy.. 1

GM Uzbekistan starts production of Lacetti with gas-cylinder equipment 1

investments. 1

Uzbekistan starts production of nitrogen-phosphorus-potassium fertilizers. 1


Assets of non-bank credit organizations of Uzbekistan go up 33%.. 1


Projects of Uzbekistan Railways. 2




GM Uzbekistan starts production of Lacetti with gas-cylinder equipment

GM Uzbekistan started a serial production of Lacetti automobiles with gas-cylinder equipment, working on compressed gas, the company said on its Facebook page.

The enterprise realized the project within the investment programme of Uzbekistan for 2015.

GM Korea and Landi-Renzo (Italy) participated in realization of the project, which helped to performed calibration of the automobile and gas cylinder equipment, as well as necessary tests of parts and components of the gas-cylinder equipment.

GM Korea carried out necessary tests of automobile to ensure optimum performance of the engine, which was adapted to two-fuel system.

According to GM Uzbekistan, Italian company Faber (cylinders) and Uzavto-Landi Renzo (engine compartment equipment) are suppliers of the gas cylinder equipment. GM PowerTrain Uzbekistan supplies engine, working on gas.

“The engine has a reinforced cylinder-piston group and valve mechanism. In addition, the car has reinforced chassis parts – shock absorber struts, springs, stabilizer bars and others,” – GM Uzbekistan said.

The gas cylinder equipment has a warranty for a year or 20,000 km mileage.

The automobile can run up to 1,130 km with full tank of fuel, including 850 km on petrol and 280 km on gas. Mileage on full gas cylinder at a speed of 90 km / h is 280 km and in the urban cycle – 230 km.

The car will automatically switch from gas to petrol if the gas ends and from petrol to gas.



Uzbekistan starts production of nitrogen-phosphorus-potassium fertilizers

Uzbekistan launched a production of nitrogen-phosphorus-potassium (NPK) fertilizers.

Samarkand-NPK JV has been launched on the bases of Samarkandkimyo in Samarkand region of Uzbekistan. The cost of the project on creation of capacities of NPK fertilizers is US$20 million.

The project capacity of the enterprise is 240,000 tonnes of NPK fertilizers a year.

Founders of Samarkand-NPK JV are Samarkandkimyo and Jiangsu Right Machinery Group Co., Ltd of China.

The project was financed due to loan of Uzpromstroybank for US$15 million and own resources of the founders of the venture.



Assets of non-bank credit organizations of Uzbekistan go up 33%

Total assets of non-bank credit organizations of Uzbekistan as of 1 January 2016 amounted to more than 109 billion soums, which is 33% higher than at the beginning of 2015, according to the Central Bank of the country. (currency rates of CB RU from 12.02.2016, 1$= 2841.60 soums)

The remainder of the loan portfolio of non-bank credit institutions for the year increased by 38% and amounted to 96.3 billion soums.

Aggregate capital of non-bank credit organizations grew by 27% and reached 81.7 billion soums.

According to the regulator, as of 1 January 2016, 27 microcredit organizations and 43 pawnshops operate in all regions of Uzbekistan.

Non-bank credit organizations are not entitled to accept deposits. They provide microfinance services mainly at their own expense.



Projects of Uzbekistan Railways

This year, the national rail carrier of Uzbekistan is intending to complete the implementation of several big projects that would not just increase the volume of traffic, but also provide passenger services in line with international standards. Uzbekistan Railways Deputy Chairman Ravshan Ikramov has kindly provided the details.

“From the first years of independence of Uzbekistan, the idea of building a cohesive and integral railway system was initiated and supported by the head of state and the government. Domestic railway experts have been working hardly on that. 1,200 km of new railways have been laid, 3,800 kilometers of steel roads have been renovated and re-commissioned, nearly 1,100 km of railways have been electrified over the last 10-15 years alone. As a result, the total length of railways in the republic has exceeded 6,500 km. All the achievements have been backed by skilled staff of Uzbekistan Railways, whose professionalism was confirmed by international experts.

In 2015, the company focused its efforts primarily on the implementation of projects on modernization, technical and technological extension of enterprises, renewal of their fleet, and construction of new roads. The electrification of the Karshi-Marakand railway section was completed, and the high-speed Afrosiyob train traffic was launched it on. Uzbek Railways transported a total of 67.7 million tons with 2.5 percent increase against 2014, 20.7 million passengers, rendered export services worth $347.7 million, and produced goods at 388.2 billion soums. (currency rates of CB RU from 12.02.2016, 1$= 2841.60 soums)

The construction of electrified railroad Angren-Pap ranks among our largest projects of recent years. The total length of the steel road is 123.1 km, including a 19-kilometer tunnel. On the threshold of the 24th anniversary of independence domestic skilled railroad builders united efforts and completed the electrification of the road on both sides of the tunnel. The works on electrification of the high-speed railway Samarkand-Bukhara, and a new branch Navoi-Kanimeh-Misken also began in 2015.

The renewal of the company’s fleet was another focus. 11 advanced Chinese trains for transportation of goods in high-altitude conditions were delivered 8 months earlier than it was scheduled. They have renovated the locomotive fleet by more than 50%.

Uzbekistan Railways is planning to disburse more than $800 million investment this year. The company developed and approved the investment program, which envisages the implementation of 28 projects. Last year, the company carried out 17 projects, and disbursed $755.1 million of capital investments.

The priority projects for 2016 include the completion of construction of the Angren-Pap railway, electrification of Kokand-Andijan section, arrangement of high-speed traffic on the Samarkand-Bukhara section, construction of a new railway line Navoi-Kanimeh-Misken, the completion of electrification of Karshi-Termez railway line, the purchase of new passenger trains.

(Source: «Uzbekistan Today» newspaper)


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