In 2008-2009 Uzbekistan plans to invest some USD 255 million in the development of automobile industry. This is envisaged by the programme on modernization, technological and technical re-equipment of enterprises of the automobile industry, approved through the Presidential Resolution in December 2007.

According to the document, USD 113.94 million will be invested within the next two years in the modernization, technological and technical re-equipment of UzDaewooAuto Joint-Stock Company (Asaka city, Andijan region). Of them USD 65.4 million will be used for the renewal of the model range, including the launch of the new model of Nexia sedan (USD 17.7 million) and setting up of the series production of Lacettis (USD 47.7 million).

Uzreport.com