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Chinese Investors to Build New Homes in Tashkent as Part of Renovation Program

in Economy / Uzbekistan - by


Chinese investors are set to construct new homes in place of old housing in Tashkent as part of a renovation program, as reported by Uzbekistan 24 TV channel. One example is the Olima Khuzhaev neighborhood in the Shaykhantakhur district, where a renovation project has commenced. It is noted that Chinese investors will build multi-story buildings for 3200 apartments, replacing 42 two-story buildings with 568 apartments built in the 1960s.

According to the TV channel, the project will not use budget or bank funds, but will instead rely on direct foreign investments totaling $360 million. In November 2021, Uzbekistan's President Shavkat Mirziyoyev visited the Olima Khuzhaev neighborhood, announcing plans to renovate the two-story apartment buildings. The President stated that the housing had exceeded its lifespan and that new "beautiful multi-story buildings, even with increased apartment space" would be provided to the residents. The plan included the construction of 9, 12, and 16-story buildings in the new area.

In late February, the acting mayor of Tashkent, Shavkat Umurzakov, revealed that 500 hectares of housing in the capital falls under the renovation program. He mentioned "two-story temporary structures that have been awaiting a solution for many years." President Shavkat Mirziyoyev first highlighted the need for a housing renovation program in December 2018, drawing on the experience of global megacities.

In the same year, the results of an inventory of 34,584 multi-story buildings with two or more floors across the country were presented. Signs of dilapidation were found in 455 buildings, including cracks in the facade, foundation subsidence, concrete corrosion in basements and roof structures, among others. In November of the previous year, the Adolat party opposed carrying out construction work based on renovation without establishing a solid legal framework for the procedure. This year, the Milliy Tiklanish party also stated that housing renovation should only proceed after the enactment of renovation legislation.