Authorities in Uzbekistan have announced sweeping revisions to infrastructure payment rates levied against developers, builders, and investors within the New Tashkent development zone. The policy purportedly aims to stimulate the construction of commercial services and social infrastructure facilities in the burgeoning urban area.

Officials allegedly stressed that the economic burden associated with constructing residential apartment blocks differs significantly from building hotels or commercial shopping complexes designed to service the broader city. Consequently, differentiated reduction rates are being introduced across various real estate sectors.

Under the revised framework, baseline infrastructure fees will reportedly be slashed by three times for retail, service, and business centers, five times for hotels and tourism-related infrastructure, and a substantial ten times for cultural and entertainment establishments. Meanwhile, private kindergartens, schools, and medical clinics will face a nominal payment rate capped at just 1%.

Reports indicate that this updated regulatory order will also apply retroactively to development projects where construction is already underway. Furthermore, the local authorities claim they will introduce a fast-track approval process for unique architectural designs penned by leading global firms, while allegedly eliminating bureaucratic hurdles such as the repeated requests for identical documentation.

Source: www.uznews.uz