Uzkimyosanoat (Uzbek chemical industry) state joint-stock company will implement projects worth USD 2.062 billion to upgrade the sector in 2009-14.

Hamidulla Shermatov, deputy chairman of Uzkimyosanoat's board of directors, has told journalists during the Industrial Expo-2009 open international fair that the programme included 12 projects worth USD 269.2 million, which are at the stage of implementation, and seven projects worth USD 1.79 billion, which are being drafted.

He also said that the projects were included into the government's programme to upgrade and to technically and technologically re-equip production in Uzbekistan in 2009-14.

The financing of the projects will be carried out from foreign investments and loans totalling USD 1.438 billion, loans by the Reconstruction and Development Fund – USD 374 million, Uzkimyosanoat's own funds – USD 196.7 million and loans by Uzbek banks – USD 53.3 million.

Uzreport.com