Prices are allowed to equalize to foreign currency at the Samarkand airport

The company” Air Marakanda”, the manager organization of the Samarkand International Airport, has been given the permission to link the prices of work and services to foreign currency.  This is stated in the decision of the president of Uzbekistan « On the measures to implement the project of modernization and management of the Samarkand International Airport on the basis of public-private partnership».

According to the decision, agreement on public-private partnership between JSC «Uzbekistan Airways» and LLC «Air Marakanda» signed on 22 September 2021, with the participation of LLC « Samarkand International Airport » and an additional agreement on 7 February 2022, (hereinafter - public-private partnership agreement) were adopted.

According to the document, prices for goods (works, services) implemented by the Private Partner in the territory of the Republic of Uzbekistan during their validity in accordance with the agreement on State Support and the agreement on State Support private partnership, tied to foreign exchange.

In addition, in accordance with the State Support agreement, as an exception, the private partner will be allowed to implement the followings, under the Public-Private Partnership Project, if all necessary taxes and other mandatory payments are paid.

• Open bank accounts of the Private Partner with foreign banks-lenders for obtaining and using the credit;
• In the case where credit is granted by a foreign bank, direct payments to foreign contractors and suppliers from the expenses of these loans without transferring them through bank accounts in the Republic of Uzbekistan.

In addition, formal payments to a state partner (“Uzbekistan Airports”) by a private partner (“Air Marakanda” MCHJ) for the repayment of credit taken from the Japanese Bank of International Cooperation for the modernization of Samarkand International Airport will  not be subject to taxation. .