Finance

The new minicar Chevrolet Spark (Matiz М 300) has been premiered in Tashkent. The sales of Chevrolet Spark in domestic car market started from August 26, 2010.

Chevrolet Spark is to be manufactured with two configurations of DOHC petrol engine: 1.0 litre displacement engine with power output of 68 ph at 6400 rpm and 1.2 litre displacement engine making 81 hp at 6400 rpm.

This year the construction of 79-km highway between Samarkand and Karshi is to be completed.

A ring road around Bukhara, linking Samarkand-Ashgabat-Turkmenbashi and Guzar-Bukhara-Beineu motor roads, has been recently commissioned.

Sales volumes analysis in the car market of Russia in the first half of 2010 proved that cars manufactured by Uzbek-US joint venture GM Uzbekistan at Asaka car- making plant entered the top ten bestsellers.

Uzavtosanoat (Uzbek Car Industry) joint stock company and India’s Minda Capital created in Navoi free industrial and economic zone an enterprise on production of automobile components.

In accordance with the Uzbek government programme on repairs of general use motor roads which have international status, in 2010 the following highways are to be repaired: Tashkent-Kokand-Andijan highway, Navoi-Uchkuduk highway, Guzar-Nukus-Kungrad-Baynau highway, Tashkent-Chinaz-Gulistan highway. Besides, the government allocated 16 billion Uzbek soums (US$ 10.3 million) on improvement of road network in Kokand, Samarkand and Namangan.

Certain amendment have been made to Addendum #1 of  the Cabinet of Ministers Decree “On further improvement of control over entry, exit and transit of foreign vehicles” No 274, dated December 17, 2008. 

From August 2010 Joint venture GM Uzbekistan is starting mainstream production of a new Chevrolet model – SPARK.
By now Asaka- based automotive plant has produced 11 samples of SPARK model, which are being tested.
Total cost of the project is around US$124.455 million. The annual production capacity is 50,000 cars, 40 per cent of which will be exported.

Daimler AG (Germany) and stock company “Uzavtosanoat” have signed an agreement on setting up a bus manufacturing joint venture.
The joint venture will be manufacturing under Mercedes-Benz brand name high comfort tourist buses, low floor city buses and midi buses for Uzbek market as well as for export to the neighbouring countries.