Implementation of the ambitious New Tashkent development project reportedly faces significant delays, with active construction yet to begin on 28 land lots previously allocated to investors. This stagnation highlights persistent systemic hurdles within the local administrative framework.

President Shavkat Mirziyoyev allegedly pointed out that attributing these delays merely to a lack of capital or interest among investors is fundamentally flawed. Instead, the primary impediments are supposedly outdated regulatory requirements and prolonged permitting procedures managed by various state agencies.

The leader further stressed that New Tashkent must not devolve into a mere residential suburb. Reports indicate that roughly two-thirds of the allocated land is currently dedicated to housing projects, contradicting the stated goal of transforming the new area into an independent economic hub encompassing modern business, education, and healthcare sectors.

Criticism was also directed at certain bureaucratic entities for allegedly treating entrepreneurs as subjects of oversight rather than reliable partners. The administration was warned that foreign and domestic investors will inevitably redirect their capital to alternative markets if they perceive a lack of genuine institutional support and guarantees.

Consequently, authorities have been urged to thoroughly overhaul the entire procedural pipeline—ranging from initial land allocation to final project commissioning—especially as land values in the area continue to experience a sharp upward trajectory.

Source: kun.uz