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    Uzbekistan approved the Administrative Regulations for the selection of the best proposal for the implementation of a large investment project

    In focus 24 September 2021 103

    The Administrative Regulations for the selection of the best proposal for the implementation of a large investment project were approved by the Government Decree.

    According to the Administrative Regulations, a large investment project means an investment project worth at least US $ 10 million.

    The best proposals for the implementation of the project will be selected by the Government Commission on Foreign Trade, Investment, Local Industry Development and Technical Regulation.

    In the project’s boundaries:

    • on agricultural land – it is possible to use the land only for agricultural production;
    • on non-agricultural land – any activity is possible that is not prohibited by law.

    Projects involving the construction of individual housing and apartment buildings are not considered major investment projects and are not considered.

    Proposals for a large investment project with a value less than the market value of the right to the selected land will not be considered.

    A consolidated volume of documents on an empty land plot is being prepared by the State Cadastral Chamber of the Cadastral Agency through AAT “YERELEKTRON”.

    The applicant submits an application for the implementation of a large investment project only through CSU and EPIGU.

    When submitting an application through the Central State University, a fee is charged in the amount of 1-fold amount of BRV (270 thousand soums).

    When applying through EPIGU, this amount is 243 thousand soums.

    The working body (Ministry of Investment and Foreign Trade) considers applications and documents within 3 working days.

    If no shortcomings are identified, the project will be submitted to the Government Commission and conceptually reviewed within 10 working days.

    If the project is recognized as expedient, a request is sent to the State Cadastral Chamber to determine a free land plot.

    The State Cadastral Chamber, within 20 working days from the date of receipt of the request, prepares in electronic form a summary volume of documents on the land plot and coordinates it with authorized organizations.

    Alternative proposals for a large investment project are accepted within 60 days from the date of publication on the official website of the working body.