The authorities of Uzbekistan have initiated a large-scale program to upgrade the fleet of heavy trucks
A set of measures will be implemented in Uzbekistan to upgrade and modernize the fleet of heavy vehicles of national carriers, a Podrobno.uz correspondent reports citing a resolution of the head of state.
A new procedure was approved for providing state support to national carriers in the purchase of heavy vehicles, trailers and semi-trailers of domestic and foreign production used for international road transport in the period 2019-2021..
It provides for the provision by the State Fund for the Support of the Development of Entrepreneurship under the Cabinet of Ministers to business entities engaged in the international transport of goods by road:
- compensation for interest expenses on attracted loans of commercial banks in the amount of 25 percent of the rate set by them, but not more than 5 percentage points - for loans in national currency and in the amount of 40 percent of the rate set by the commercial bank, but not more than 3 percentage points - for loans in foreign currency;
– guarantees for loans of commercial banks in the amount of up to 50 percent of the loan amount inclusive, but not more than 2 billion soums.
Moreover, now heavy-duty motor vehicles, from the moment of which no more than 4 years have passed, as well as trailers and semi-trailers, from the moment of which no more than 6 years have passed, can be accepted by commercial banks as collateral when purchased on credit by mutual agreement the parties.
Moreover, the annual marginal depreciation rate for trucks (except dump trucks) with an allowable maximum mass of over 12 tons, truck tractors, as well as trailers and semi-trailers with an allowable maximum mass of over 10 tons, is set at 10 percent.