OREANDA-NEWS. April 10, 2008. The State Property Committee of the Republic of Uzbekistan announced Competition on Sale of the State-owned Assets and Sites for “Zero” Price in return for Investment Obligations, reported the press-centre of State Property Committee of the Republic of Uzbekistan.
 
The State Property Committee of the Republic of Uzbekistan, following the decision of the State Tender Commission dated March 19, 2008, hereby announces a Competition on Sale of the State-owned Assets belonging to the inactive and ineffective enterprises and sites, including those unfinished by construction, for "Zero" Purchase Price with investors' undertaking Investment Obligations in accordance with the Resolution by President of the Republic of Uzbekistan dated July 20, 2007 No PP-672 "On Measures for further deepening of Privatization Processes and active attraction of Foreign Investments during the years of 2007-2010".

Date of Competition - June 2, 2008

Place of Competition's conduct - Territorial Competitions' Commissions attached Regional Hokimiyats (local administration bodies).

All legal entities and natural persons, including non-residents of the Republic of Uzbekistan (i.e. foreign investors), who desire to participate, having presented documents required for participation in Competition as well as possessing the assets, including cash means, in the aggregate constituting a size of not less than the established minimal volume of Investment Obligations related to a particular site being subject to Competition Sale -   are allowed to take part in Competition.

For participation in Competition the following documents shall be presented, not later than the three days before the Date of Competition, for consideration by a Competition Commission:

Application letter for participation in a Competition.

In case of the legal entities - copies of the Charter, Balance Sheet for the recent accounting period (quarter and year), auditors' conclusion for the recent year, reference of a servicing bank on paying capacity. In case of natural persons - copies of a Passport, documents confirming presence of assets, including cash means, in the aggregate constituting a size of not less than the established minimal volume of Investment Obligations.

Power of attorney issued by an applicant to the name of its representative, legalized in the order established by legislation (in cases when an applicant's interests are represented by a trusted person).

Legal address, phone and fax numbers at which information on Competition results are supposed to be sent.

Competitive bid placed into a separate sealed envelope.

Competitive bid shall contain a Business Plan, Investment Program (draft) with indication of dates of its implementation, equipment supplies (if such is foreseen),  its technological parameters, planned assortment of products to be manufactured and its  competitiveness, raw-material, measures on raising the production effectiveness, usage of presently existing equipment, and production areas, expected economic efficiency, as well as other obligations and plans by an investor aimed at financial-economic  improvement of a site being subject to sale or rehabilitation of economic utilization of its territory.
 
Entities and persons wishing to participate in Competition may apply to Territorial Competitions' Commissions - Regional Hokimiyats (local administration bodies) or territorial branches of the State Property Committee of the Republic of Uzbekistan.

On all issues related to terms of Competition please apply to the State Property Committee of the Republic of Uzbekistan or its territorial branches.
 
For the more detailed information please call at phones: 139-21-79, 150-72-11, fax: 139-20-83