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The State Bank for Foreign Economic Activity is Allowed to Conclude Agreements to Finance Projects for the Construction of Three Vessels
Official
The State Bank for Foreign Economic Activity is Allowed to Conclude Agreements to Finance Projects for the Construction of Three Vessels
Published 14.01.2022
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In order to implement in the epoch of power and happiness the tasks set in the “Program for socio-economic development of the country for 2019-2025” to the Türkmendeñizderýaýollary Agency of the Transport and Communications Agency under the Cabinet of Ministers for the construction of ships of various modifications, the President of Turkmenistan signed a resolution authorizing the State Bank for Foreign Economic Activity on behalf of the Government of Turkmenistan – the recipient of a loan:

- to conclude relevant agreements with the Islamic Development Bank to finance one part of the cost of projects for the construction of one RO-RO type vessel and one cargo ship, as well as carry out work related to their entry into force and operation;

- to conclude an appropriate loan agreement with the OPEC Fund for International Development to finance one part of the cost of the project for the construction of one RO-RO type vessel, as well as carry out work related to its entry into force and operation.

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