TASHKENT, March 30 (Xinhua) -- Uzbekistan will attract private investors to modernize and manage the country's airports based on the public-private partnership, the Uzbek Justice Ministry said Tuesday, citing a presidential decree.
Investors and their subcontractors will be exempted from customs duties for imported special vehicles, construction equipment and machinery, spare parts and raw materials from the moment of signing the public-private partnership (PPP) agreement, it said.
According to the document, private partners and airports will have their income and property tax cut to 50 percent for a three-year period. Airports with PPP-based modernization and management will also have a right to introduce the Open Skies regime.
The presidential decree tasks Uzbekistan's Ministry of Transport and the Uzbekistan Airports company to take measures to attract potential investors for the reconstruction, modernization and management of the airports on the PPP model. Enditem
