RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of January 11, 2012 No. PP-1683

About first-priority measures for program implementation of mnogotranshevy financing of the "Development of Housing Construction in the Rural Zone" project with participation of Asian Development Bank

For the purpose of further implementation of complex building of rural settlements according to master plans, expansions of construction of modern individual housing according to the approved standard projects, engineering communications, objects of social infrastructure in the rural zone and on this basis of cardinal improvement of quality of life of rural population:

1. Take into consideration that:

The board of directors of the Asian Development Bank (ADB) approves on August 31, 2011 the Program of mnogotranshevy financing of the "Development of Housing Construction in the Rural Zone" project for total amount 500, by one million US dollars from which borrowed funds in the amount of 498, 16 million US dollars are allocated for realization of the "Credit Line for Provision of Mortgage Loans" component and 1, by 84 million US dollars - for realization of the "Development of Potential and Support in Project Management" component;

in accordance with the terms of the prisoner between the Republic of Uzbekistan and ABR of the Framework agreement on financing within the Program of the "Development of Housing Construction in the Rural Zone" project of July 29, 2011 financing is performed by three tranches - loans;

ABR management approves on September 9, 2011 provision of loan of the first tranche of the Program in the amount 160, by 0 million US dollars from the ABR regular capital resources, with repayment period of 18 years, including three-year grace period;

loans of the first, second and third tranches of the Program are allocated from the ABR regular capital resources in process of preparation and representation in ABR of the corresponding requests for periodic financing and approvals them with ABR management;

the period of project implementation is determined within 4 years (2012-2015).

2. Determine that:

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