Interfax
November 17

Uzbekistan hopes to raise $1.028 billion in foreign investment for 92 projects in 2004, a source from government circles told Interfax.

Of the money raised, $651.18 million is to be in foreign loans guaranteed by the government and $377.45 million in foreign direct investment and loans.

These forecasts have been written into an investment project program, which the Cabinet has approved.

There are 60 projects estimated to cost $2.619 billion that are to be implemented with the help of foreign loans guaranteed by the government, and there are 32 projects costing $2.326 billion that are expected to receive direct investment and loans.

Overall investment is estimated at 2.669 trillion sum, including centralized investment of 999.208 billion sum and non-centralized investment of 1.669 trillion sum.

The official exchange rate on November 17 stood at 975.91 sum/$1.

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