UIET will be allocated loans for the construction of the Ashgabat-Turkmenabat highway and potash complex in Lebap

The President of Turkmenistan signed the Resolution by ordering the Central Bank of Turkmenistan, at the expense of the state funds through the Joint-Stock Commercial Bank "Rysgal", to allocate to the Union of Industrialists and Entrepreneurs of Turkmenistan (UIET) a loan of up to 2,400,000,000 (two billion four hundred million) US dollars for a period of 20 years with 1 percent per annum and a five-year grace period for financing the construction of a high-speed Ashgabat-Turkmenabat highway.

The President of Turkmenistan signed the Resolution by ordering the Central Bank of Turkmenistan, at the expense of the state funds through the Joint-Stock Commercial Bank "Rysgal", to allocate a loan of up to 600,000,000 (six hundred million) US dollars to the Union of Industrialists and Entrepreneurs of Turkmenistan for a period of 11 years with 3 percent per annum and a four-year grace period for financing the construction of the Tubigatan potash salt deposit in the Lebap velayat the Mining Ore Processing Plant for the production of potash fertilizers.

Source: Turkmenistan: the Golden Age Online Newspaper