Page 202 - Theoretical and Practical Interpretation of Investment Attractiveness

and management, as well as taxation, finance, investment, industry and trade. Various main
and pilot projects are being implemented under this policy.
Uzbekistan is implementing a program for the development and modernization of
engineering, communications and road transport infrastructure for 2017-2021. The program
provides for the development of a comprehensive strategy that meets international
requirements and standards in the development of the national transport network, as well as
ensuring widespread integration of this strategy into the international transport system, taking
into account the export of products of local manufacturers to regional and world markets.
It should be noted that today all the necessary conditions are being created for the
further development of the transport and transit potential of our country. Work is underway
to increase the capacity of the transport system and eliminate existing obstacles to crossing
the territory of Uzbekistan, which is of great importance in the development of international
transport corridors in Central Asia.
Uzbekistan is also interested in participating in the One Place One Road project.
According to the decision of the President of the Republic of Uzbekistan “On measures to
improve transport infrastructure and diversify foreign trade routes in 2018-2022,” measures
are being taken to implement the initial transit of foreign trade goods along the Baku-Tbilisi
route. Akhalkalaki-Kars railway.
According to the data, the opening of the North-South project is scheduled for 2021.
This transport corridor connects the port of St. Petersburg with the ports of Bandar Abbas and
Chobahar in Iran , thereby extending the sea route to the port of Mumbai in India.
This transport corridor is of great importance for Central Asia due to the simplification
of the process of transporting goods through Iran to the Persian Gulf countries. The corridor
can transport 3-5 million tons of cargo annually.
This transport corridor is also important for Uzbekistan. President Shavkat Mirziyoyev
at the SCO summit held in Qingdao in June 2018 announced the construction of the
Uzbekistan Mazori Sharif-Herat, China-Kyrgyzstan-Uzbekistan, as well as Central Asia-
Persian Gulf, North-South and Trans-regional East corridors -West” He emphasized that he
stands for development.
Recently, the global expert community has been talking a lot about the transport part
of the “One Place, One Road” initiative put forward by China. In general, very high results
can be expected from work in this direction.
Uzbekistan is interested in supporting the “One Place, One Way” initiative and
more actively participating in it. It is well known that the “One Place – One Road”
initiative is aimed, first of all, at developing trade and economic relations, the formation
of new transport routes connecting China with a country that accounts for 60% of the
world’s population and 30% of its GDP.
The construction and operation of the Uzbekistan-Kyrgyzstan-China railway will be
one of the major transport projects within the framework of the “One Place – One Road”
initiative. Also noteworthy is the enrichment of the “One Place – One Road” project with
innovations, in particular, the intensification of cooperation in the field of the digital economy

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