Developing Tashkent's infrastructure, social sector, and implementing projects capable of generating additional revenue will reportedly require directing nearly 2 billion dollars annually. This was stated by Tashkent Mayor Shavkat Umurzakov during an interview, where he outlined the primary financial requirements for the capital.

According to the mayor's estimates, approximately 300 million dollars must be spent annually on roads and transport infrastructure to catch up with development paces and update outdated facilities. Furthermore, communal infrastructure allegedly requires another 400 million dollars per year based on per capita calculations. v

The social sector — including schools, kindergartens, and healthcare — purportedly demands around 300 million dollars. Umurzakov noted that this sum encompasses not only the creation of new capacities but also expenses for specialists, training, wage increases, and the implementation of key performance indicators (KPIs).

Additionally, the mayor believes that maintaining a stable "investment climate" requires allocating another 1 billion dollar every year. He claimed that if the city spends these funds on renovation projects, tourism streets, and festivals, the investments will yield significant economic returns and enhance the overall value of the city.

Umurzakov argued that Tashkent is supposedly capable of independently earning the necessary 2 billion dollars, pointing to the growth of the gross regional product over recent years. He admitted that the city is currently utilizing only 20 to 30 percent of its resources, suggesting that establishing proper mechanisms will allow the capital to finance its own development and resolve pressing urban issues.

Source: www.gazeta.uz