Chinese companies to invest $360 million in renovation of housing in Uzbekistan

On February 27, Shavkat Mirziyoyev announced that a simplified procedure for implementing projects on the terms of public-private partnership, renovation and cooperation based on a “life cycle contract” was being approved in the capital. In particular, to simplify the implementation of investment projects, Tashkent Invest Company was created last year.

Acting governor of the capital Shavkat Umurzakov said that in Tashkent, 500 hectares of territory are subject to renovation, on which long-term two-story buildings and temporary houses in Sergeli are located.

Later, the parliamentary party “Milliy Tiklanish” called for the renovation program to begin only after the adoption of the law. Otherwise, cases of forced demolition of housing may be repeated, which “negatively affected the image of our country several years ago”, the party emphasized.