TASHKENT, Uzbekistan, April 27. Uzbekistan has
allocated 1.85 trillion soums ($154 million) for the construction
of the “Yangi Uzbekistan” residential area in Kokand, Trend reports via the press
service of the Uzbek president.
The announcement was made during President Shavkat Mirziyoyev’s
working visit to the Fergana region, which began with an inspection
of the large-scale housing project.
The new district is being developed as a modern urban area with
full social and public infrastructure for 25,000 residents. The
project includes 84 multi-story apartment buildings, schools,
preschools, a higher education institution, business and shopping
centers, and parks.
The first phase is complete, with 56 ten-story buildings
comprising 4,394 apartments commissioned. Fully finished apartments
are available with a 35% down payment at a 16% annual interest rate
over 20 years.
Officials say the project will enhance housing conditions,
expand access to modern urban infrastructure, and meet growing
residential demand in Kokand, one of the region’s most densely
populated cities.
During his visit, Mirziyoyev also reviewed presentations on the
second phase of “Yangi Uzbekistan” and broader development plans
for Kokand.
