Turkmenistan asks IDB for $135 million to build ships

Turkmenistan has applied for $135.25 million in financing from the Islamic Development Bank (IDB) to cover the cost of the Turkmenistan Maritime Transport Development Project and intends to use part of the funds received to pay for goods, works, related services and consulting services that will be procured under this project. project. This is stated in the announcement of the newspaper "Neutral Turkmenistan" dated March 10.

The project is co-financed with the OPEC Fund and will include the construction of two offshore vessels (RO-PAX) and one dry cargo vessel.

At a cabinet meeting on January 14, Deputy Prime Minister for Economic Affairs Serdar Berdimuhamedov reported to the president that the Turkmen Sea and River Routes Agency would receive a foreign loan for the construction of three ships.

Loans to finance projects for the construction of two Ro-Ro ships (RO-RO ships (ro-ro) - vessels with a horizontal method of cargo handling - are used to transport goods that are in containers, pallets or in the so-called trailer trailers, as well as vehicles and wheeled vehicles, note XT ) and one cargo ship will be allocated by the IDB and the OPEC International Development Fund.

In mid-December, the press service of the OPEC Fund reported that Ashgabat would receive a loan in the amount of $45 million for the development of the merchant marine fleet. In particular, three ships will be built: a dry cargo ship, a passenger ship and a ship for the carriage of railway cargo, as well as training for employees of the Balkan shipbuilding and ship repair plant.

Source: Chronicles of Turkmenistan