JV UZBEKISTAN PEUGEOT CITROEN AUTOMOTIVE RECEIVES NUMBER OF BENEFITS
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The President of the Republic of Uzbekistan signed a Decree "On establishment of the enterprise with foreign investment "Uzbekistan Peugeot Citroen Automotive".
The document was adopted for further sustainable development of automotive industry of the Republic of Uzbekistan on the basis of integration with one of the world’s leading manufacturers, to expand the range of manufactured automotive products through the organization of production of light commercial vehicles "Peugeot Citroen", ensuring the growth of their sales on the domestic and foreign markets.
The regulation approved the Investment agreement entered into between the Government of the Republic of Uzbekistan in the person of the State Committee of Republic Uzbekistan on investments, Peugeot Citroen Automobiles S. A. and JSC Uzavtosanoat.
The State Committee of Republic Uzbekistan on investments together with JSC Uzavtosanoat are tasked to ensure the control over the absolute execution of commitments by foreign investor according to the signed Investment agreement.
The Djizakh region is mandated to ensure the allocation of 45 hectares of land area on the territory of FEZ "Djizakh" for construction of a facility for production of light commercial vehicles.
Taking into account the composition and structure of technological equipment, technological concept of the investment project, and given the short terms for implementation, the investment project is permitted as an exception:
a) to develop design documentation within the framework of the investment project without pre-feasibility study, with the approval of the feasibility study of the investment project;
b) By May 1, 2018, to carry out construction and assembly works under the investment project with the simultaneous development of design and estimate documentation;
c) to conclude direct contracts without holding tenders, on the basis of the selection of the best proposals and etc.