BAKU, Azerbaijan, July 6
By Ilkin Seyfaddini - Trend:
The government of Uzbekistan approved the project on construction of a large business center on the banks of the Chirchiq River in Tashkent region, Trend referring to gazeta.uz.
The initiators of the project on the creation of Daryo Boyi Business City are the Tashkent administration, the Ministry of Water Management, the Ministry of Economic Development and Poverty Reduction and the Ministry of Finance of Uzbekistan.
It is proposed to narrow the part of the banks of 16-km long Chirchiq River flowing through Bektemir and Sergeli districts, by 65-80 meters. The land plots are to be developed to construct Daryo Boyi Business City with production, trade and service facilities.
In accordance with the presidential decree on measures to create modern business centers on the territory of the country, the administration of Tashkent was instructed within two months, to assign the management team, define the boundaries of the territory, develop a master plan and attract investors.
The Ministry of Finance will allocate an interest-free loan in the amount of 300 billion soum ($29.3 million) to the capital administration to finance the work on narrowing of the river bank. The allocated funds will be repaid through the sale of the released land plots to investors.
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