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UIET will be allocated loans for the construction of the Ashgabat-Turkmenabat highway and potash complex in Lebap
Politics
UIET will be allocated loans for the construction of the Ashgabat-Turkmenabat highway and potash complex in Lebap
Published 16.03.2018
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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.

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