In New Tashkent, Infrastructure Fees to be Reduced for Investors

According to the announced decisions, the base rates of fees will be reduced by 3 times for shopping, service and business centers, by 5 times for hotels and tourism facilities, and by 10 times for cultural and entertainment establishments. For non-state kindergartens, schools and hospitals, the payment will be fixed at 1%. The new parameters will affect, among other things, projects whose construction has already started.

To attract large investments, land plots will begin to be provided through the mechanism of open initiatives and the principle of Swiss Challenge. According to this scheme, the investor's application is published openly, and if no alternative proposals with more favorable conditions are received, the plot is transferred to the applicant. According to the announced data, out of 54 implemented lots, only three are planned to have facilities worth over $100 million.

In addition, for unique objects from leading world architects, accelerated procedures for approval, design, construction and commissioning will be established. The President also ordered the practice of repeated requests for the same information when issuing permits to be stopped.