28.10.2020 18:28
Hokim of Tashkent region Rustam Kholmatov and Chairman and Founder of Singapore’s Universal Success Enterprises Limited Prasoon Mukherjee have signed an online General Agreement on Cooperation for the implementation of the construction project “Nurafshon City” in Tashkent region.
The document provides for the development by a Singapore company of the technical and economic foundation of the project by the end of the first quarter of 2021, its subsequent approval and the start of construction of the modern city of Nurafshon. The total area of the project is estimated at approximately 2 833 hectares, which will be developed in three stages.
The implementation of the project is envisaged on the basis of direct foreign investments or credit lines of foreign financial institutions attracted by Universal Success Enterprises Limited or a consortium of foreign companies formed by Universal Success Enterprises Limited, under its investment obligations for the implementation of this project. The total volume of investments will be determined based on the results of the preparation of the feasibility study for the project.
