of January 31, 2024 No. PP-47
About measures for project implementation "Complex development of the average cities" with participation of International Development Association and Asian Infrastructure Investment Bank
For the purpose of consecutive continuation of measures for complex development of infrastructure of the cities and to increase in management efficiency of them, expansions of opportunities of use of the population of the average cities of services, and also further increase in economic and tourist capacity of the cities:
1. Take into consideration that:
a) the "Complex Development of the Average Cities" project (further - the Project) with participation of the International Bank for Reconstruction and Development at the first stage is implemented in the pilot cities of Yangiyule, Kagane and Chartake;
b) for additional financing of the Project:
The board of directors of the Asian Infrastructure Investment Bank approves on June 10, 2021 provision to the Republic of Uzbekistan of loan in the amount of 100 million US dollars and the Board of directors of the World Bank on June 11, 2021 - loan of International Development Association in the amount of 100 million US dollars;
On September 30, 2022 between the Republic of Uzbekistan and International Development Association and on October 14, 2022 between the Republic of Uzbekistan and the Asian Infrastructure Investment Bank loan agreements on the amount of 100 million US dollars on everyone for the term of 30 years, including 5-year grace period are signed;
the contribution of the Republic of Uzbekistan in the form of compensation of tax and customs payments, coverings of financial expenses, and also expenses on resettlement constitutes in the amount equivalent 43, 2 million US dollars;
c) the funds raised for additional financing of the Project go to the Kashkadarya and Surkhandarya regions within 5 years (2023 - 2027);
d) as a result of the initial studying which are carried out by khokimiyats of the Kashkadarya and Surkhandarya regions and the Ministry of Economics and finance the possibility of expense optimization is revealed (to 60 million US dollars).
2. Determine that:
within the Project in priority procedure actions for increase in economic activity of the territories and complex development of engineering and communication and road and transport infrastructure (laying of networks of drinking water supply and the sewerage, improvement of road infrastructure) directed to creation of conditions for growth of urban saturation of the average cities are performed;
the executive body responsible for management and coordination of the Project, including ensuring timely and full-fledged project implementation, conducting its monitoring and the reporting is the Ministry of Economics and finance;
The project implementation team created under the Ministry of investments, the industry and trade is transferred to the jurisdiction of the Ministry of Economics and finance;
khokimiyats of the Kashkadarya and Surkhandarya regions together with the Ministry of Economics and finance bear responsibility for timely and full realization of necessary organizational and technical actions within the Project, and also ensuring target and effective use of borrowed funds;
repayment of borrowed funds of International Development Association and Asian Infrastructure Investment Bank, and also compensation of the payments connected with percent on borrowed funds and other expenses are performed at the expense of means of the republican budget of the Republic of Uzbekistan and local budgets of the respective areas in equal shares.
3. Approve:
The key technical and economic parameters of additional financing of the "Complex Development of the Average Cities" project according to appendix No. 1;
The forecast schedule of use and repayment of loan of International Development Association, payment of the commissions and percent within additional financing of the "Complex Development of the Average Cities" project according to appendix No. 2;
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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