On approval of the regulation on the procedure for monitoring the process of implementation of investment projects implemented on the basis of previously privatized unfinished construction objects and unused production facilities (469-son)

06.07.2017

Resolution of the Cabinet of Ministers of the Republic of Uzbekistan

In pursuance of the Resolution of the President of the Republic of Uzbekistan dated April 18, 2017 No. RP-2897 “On measures to organize the activities of the State Committee of the Republic of Uzbekistan to promote privatized enterprises and the development of competition” and to improve the monitoring of the implementation of investment projects carried out on the basis of previously privatized unfinished the construction of facilities and unused production facilities, the Cabinet of Ministers decides:

1. To approve the Regulations on the procedure for monitoring the process of implementation of investment projects implemented on the basis of previously privatized unfinished construction objects and unused production facilities, according to the appendix.

2. The control over the implementation of this resolution shall be assigned to the Deputy Prime Minister of the Republic of Uzbekistan D. A. Kuchkarov.

Prime Minister of the Republic of Uzbekistan A. ARIPOV

Tashkent city,

July 6, 2017,

No. 469

APPENDIX to the resolution of the Cabinet of Ministers of July 6, 2017 No. 469

REGULATION

on the procedure for monitoring the process of implementation of investment projects implemented on the basis of previously privatized unfinished construction objects and unused production facilities

Chapter 1. General provisions

1. This Regulation determines the monitoring procedure for the implementation of investment projects carried out on the basis of previously privatized construction and unused production facilities.

The requirements of this Regulation do not apply to facilities provided to legal entities and individuals in connection with the seizure of their land for state and public needs.

2. The following basic concepts apply in these Regulations:

interdepartmental commission — interdepartmental commissions for inventory and identification of construction in progress and unused production facilities, created in accordance with the resolution of the President of the Republic of Uzbekistan dated February 23, 2017 No. RP-2796 “On measures to further stimulate the use of production facilities by entrepreneurs”;

working body — the territorial bodies of the State Committee of the Republic of Uzbekistan to promote privatized enterprises and the development of competition;

previously privatized objects — buildings, non-residential premises and unfinished construction of real estate objects transferred by the state to private ownership (including transfer to the authorized capital, sale and disposal by other means), regardless of the subsequent change of ownership;

unused production facilities — previously privatized buildings and non-residential premises, more than 50 percent of the total area of which (within the contour of one building or non-residential premises) has not been involved in the production of goods (work, services) over the past 12 months;

incomplete construction projects — previously privatized real estate objects whose construction was not completed within the regulatory period established by the design and estimate documentation, and in the absence of a specified regulatory construction period — within 24 months from the start of construction;

project initiators — owners of previously privatized facilities, implementing investment projects on the basis of privatized facilities under construction and unused production facilities;

investment projects — projects for the organization of the production of products or facilities in the service sector with investments and job creation, implemented on the basis of privatized construction in progress and unused production facilities, approved by the interdepartmental commission;

responsible organizations — organizations involved in monitoring the implementation of investment projects and providing information to the working body in accordance with this Regulation.

Chapter 2. The procedure for monitoring the implementation of investment projects

3. The working body monitors the implementation of investment projects developed and approved by interdepartmental commissions and commercial banks, together with project initiators in accordance with the decree of the President of the Republic of Uzbekistan dated February 23, 2017 No. RP-2796 “On measures to further stimulate the use of production facilities by entrepreneurs”.

4. In the framework of monitoring the implementation of investment projects, the working body:

keeps track of ongoing investment projects with the parameters of investment projects;

analyzes and summarizes the information provided by project initiators and responsible organizations on the implementation of investment projects;

contributes information to the interdepartmental commission on the results of monitoring the progress of the implementation of investment projects;

coordinates the activities of state bodies on issues of promoting privatized enterprises.

5. To monitor the progress of the implementation of investment projects, project initiators and responsible organizations monthly, no later than the third day of the month following the reporting month, submit the following information to the working body:

project initiators — information on financing and progress on the implementation of investment projects, including the stipulated financial and economic parameters for the investment project at the date of submission of information, in accordance with Appendix No. 1 to these Regulations;

commercial banks — information on the financing (allocation of loans) of investment projects in accordance with Appendix No. 2 to these Regulations;

state tax departments of the Republic of Karakalpakstan, regions and the city of Tashkent — information on the implementation of the financial and economic activities of project initiators in accordance with Appendix No. 3 to these Regulations.

6. Upon completion of the implementation of the investment project, the project initiator provides information to the working body on the complete implementation of investment projects indicating the fulfillment of project forecast parameters for the volume of investments, production (work, services), exports (if any) and the number of new jobs.

7. After completion of the investment project, the responsible organizations provide the following information to the working body:

khokimiyats of districts (cities) within three days — information about the decision of the hokim of the district (city) on approval of the acceptance certificate for the completed building;

the Ministry of Employment and Labor Relations of the Republic of Karakalpakstan, the Main Employment Departments of the regions and the city of Tashkent together with the state tax administrations of the Republic of Karakalpakstan, regions and the city of Tashkent in a weekly period — a conclusion on the created jobs during the implementation of the investment project based on the study of the information received, including based on the study of receipt of funds by individual taxpayer numbers (TIN) of individuals from the initiators of investment projects .

8. The working body summarizes and analyzes the information received and up to the 7th day of the month following the reporting one, submits to the interdepartmental commission and the State Committee of the Republic of Uzbekistan for the Promotion of Privatized Enterprises and the Development of Competition:

a certificate of the results of monitoring the implementation of investment projects;

summary information on the results of monitoring the implementation of investment projects in the form in accordance with Appendix No. 4 to this Regulation;

list of project initiators who did not implement investment projects.

9. The progress of the implementation of investment projects is considered at meetings of the interagency commission at least once a month.

10. The State Committee of the Republic of Uzbekistan for the Promotion of Privatized Enterprises and the Development of Competition summarizes the information received and submits to the Cabinet of Ministers of the Republic of Uzbekistan information on the status of implementation of investment projects and the work of interdepartmental commissions quarterly no later than the 10th day of the month following the reporting quarter.

Chapter 3. Assistance to project initiators

11. During monitoring, as well as upon requests from project initiators, the working body, when identifying issues that impede the implementation of investment projects:

sends petitions to state bodies and relevant organizations to provide assistance, within their competence, in resolving issues arising from the development and implementation of investment projects;

in case of non-settlement of the issue after the petition is submitted, it sends to the state bodies and relevant organizations binding requirements for resolving within their competence issues arising from the development and implementation of investment projects;

provides assistance to business entities implementing investment projects on the basis of privatized facilities in obtaining permits, connecting to communications and providing loans to commercial banks.

12. Information on the applications and requirements of the working body sent during the reporting month, as well as the measures taken by state bodies and relevant organizations in accordance with them, is reflected in the certificate of the results of monitoring the implementation of investment projects submitted to the interagency commission.

13. Upon requests and requirements of the working body left by state bodies and relevant organizations without an appropriate response, the interagency commission shall initiate the application of appropriate measures of responsibility to their officials.

14. An investment project is recognized as implemented if the forecast parameters of the project are fulfilled in terms of production (works, services), exports (if it exists) and the number of new jobs.

15. The working body, by decision of the interdepartmental commission, conducts at least once a year studies of the effectiveness of implemented investment projects with field visits.

Chapter 4. Final provisions

16. Persons guilty of violating the requirements of this Regulation are liable in accordance with the law.

17. Disputes arising in the development and implementation of investment projects are considered in the manner prescribed by law.

APPENDIX No. 1 to the Regulation on the procedure for monitoring the process of implementation of investment projects implemented on the basis of previously privatized unfinished construction objects and unused production facilities

INFORMATION

on financing and the progress of the implementation of the investment project, including the stipulated financial and economic parameters for the investment project __________

No TIN number Owners (tenants) of previously privatized objects Name of region Name of the district (city) Date and number of notification submitted Footprint Servicing bank Kind of activity Industry Project Content total area (ha) including buildingsand construction (sq. m) 1 2 3 4 5 6 7 8 9 10 11 Table continuation Duration of the investment project Investment project commissioning deadline (month) Created jobs Amount of investment (in million soums) Including Volume of products and services provided (in million soums) Volume of product exports(in thousands of US dollars) Note own funds bank loans year quarter month 12 13 14 15 16 17 18 19 20 21 22

APPENDIX No. 2 to the Regulation on the procedure for monitoring the process of implementation of investment projects implemented on the basis of previously privatized unfinished construction objects and unused production facilities

INFORMATION

on financing (allocation of loans) of investment projects

No TIN number Owners (tenants) of previously privatized objects Name of the district (region) Kind of activity Project content Bank loan terms (month) Servicing banks Amount of allocated loans (in million soums) Note 1 2 3 4 5 6 7 8 9

APPENDIX No. 3 to the Regulation on the procedure for monitoring the process of implementation of investment projects implemented on the basis of previously privatized unfinished construction objects and unused production facilities

INFORMATION

on the implementation of the financial and economic activities of project initiators

No TIN number Owners (tenants) of previously privatized objects Name of region Name of the district (city) Servicing bank Kind of activity Information on the implementation of the financial and economic activities of profect initiators Note 1 2 3 4 5 6 7 8

APPENDIX No. 4 to the Regulation on the procedure for monitoring the process of implementation of investment projects implemented on the basis of previously privatized unfinished construction objects and unused production facilities

FREE INFORMATION

on the results of monitoring the implementation of investment projects

No Name of regions Owners (tenants) of previously privatized facilities engaged in investment projects Amount of investment(in million soums) Including bank loans(in million soums) Volumes manufactured products and services rendered (in million soums) Including export (in thousands of US dollars) Created jobs 1 2 3 4 5 6 7