Turkmenistan approved the funding of the railway, “North-South”

Minister of Railway Transport of Turkmenistan Rozymyrat Seyitkulyev at the government meeting, reported on the draft resolution on financing the purchase and installation of equipment energy systems, warning systems, communications and logistics area Bereket Buzhun railway “Gyzylgaya-Bereket-Etrek” correspondent BakuToday. “With regard to issues of technical support of the construction of the railway” Gyzylgaya-Bereket-Etrek “, which is an important part of the international steel highway built by the” North-South “, the head of Turkmenistan gave the leaders of industry specific instructions to accelerate the pace and quality implementation of the project, which is attended by Turkmen builders, railroad workers and foreign partners, “- said the press service Berdimuhamedov.

As already reported BakuToday, in March of this year, the Asian Development Bank (ADB) as part of the side rail of the international project “North-South” has decided to allocate Turkmenistan first loan of $ 125 million loan will be 75% of the total project cost (166.7 million) and is valid for 25 years with a five-year grace period.

Ministry of Railway Transport of Turkmenistan is building the Turkmen section of the railway Uzen-Gyzylgaya-Bereket-Etrek-Gorgan (697.5 km), part of a transnational international transport corridor North-South. Ministry in April this year announced an international tender for the selection of contractors, including companies and construction companies in the countries – members of the Asian Development Bank for the supply of electrical equipment for the electrification of the railway line Bereket Buzhun length of 311 km, which is part of the corridor “North-South.”

Ashgabat and Astana last year reached an agreement in principle on terms of completion of the railway transport corridor North-South along the East coast of the Caspian Sea. According to the agreements in June 2011 the new railway line between the two countries need to dock, and the trains will start in October 2011. A new rail route will open up access to the Gulf countries. Estimated turnover for the fifth year of operation of the railway line will be more than 10 million tons of cargo per year.

Initial agreement on railway project, “Iran-Turkmenistan-Kazakhstan” was reached in 2008, a treaty signed by the leaders of three countries in June 2010.

 

 


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