The basic rate for infrastructure payment in Yangi Toshkent will be reduced tenfold. According to available information, over $2 billion has already been invested in Yangi Toshkent.
It was noted that the pace of attracting the private sector to construction does not meet existing potential. A total of 20 thousand hectares of land has been allocated for the new city. The implementation of projects worth $50 billion on an area of 6 thousand hectares is planned for the first stage.
With the presence of a new airport, the investment potential in this area could reach $200 billion. Currently, construction on areas exceeding one thousand hectares is primarily financed by state funds, while entrepreneurs have been allocated no more than 94 hectares of land.
The President noted that Yangi Toshkent should become more than just a residential construction area. It must transform into an independent economic center that attracts modern business, education, medicine, tourism, and services.
Mirziyoyev emphasized that Yangi Toshkent should become a new platform of opportunities for all entrepreneurs in the country. It was also announced that every project unit valued above $50 million will have a responsible coordinator.
