A new highway link for Turkmenistan

A new highway link is planned for Turkmenistan.
By MJ Woof December 28, 2020 Read time: 1 min
An important new road project will improve Turkmenistan’s international links – image courtesy of © Alexander Hübert, Dreamstime.com

The project to construct the new highway linking Turkmenistan with its neighbours is being prioritised by the country’s government. The new transport corridor will connect Turkmenistan with Afghanistan in one direction, and with Azerbaijan, Georgia and Turkey in the other.

The project involves the construction of both road as well as rail links. The route runs from Torgundi in Afghanistan, which lies close to the border with Turkmenistan. From the border, the route links Turkmenistan’s capital Ashgabat with the Caspian Sea port at Turkmenbashi. The sea crossing to Azerbaijan’s commercial centre and key port of Baku then will link by road to Georgia’s capital Tbilisi and finally to Turkey’s commercial centre, Istanbul. Many of the road links in Turkey forming part of the route have already been constructed.

Financing worth US$2.4 billion for the Ashgabat to Turkmenabat highway project was secured for the project previously. The 20-year loan was provided by the Central Bank of Turkmenistan.
Finance & Funding

Related Content

  • New Turkish highway receiving financing
    September 21, 2012
    Financing is being made ready for a highway project in Turkey. The upgraded route will connect Turkey’s commercial centre, Istanbul, with the port city, and holiday destination, Izmir. Work will be carried out along a 45km stretch and also includes construction of a new suspension bridge. Some US$1.35 billion will come from Turkish banks including Akbank, Finansbank, Halk Bank, Garanti, Vakfbank, Yap ve Kredi Bank and Ziraat Bank.
    Read More
  • Spanish highway project to get EIB A-rated bond issue?
    April 20, 2012
    The European Investment Bank (EIB) is reported to be in talks with the sponsors of the A-66 Benavente-Zamora highway public private partnership (PPP) in Spain over a possible bond financing deal, which would see the Bank provide subordinated debt for an A-rated bond issue. The possible bond issue would be a further greenfield project to launch the European Union’s Project Bond 2020 initiative, with its initial pilot stage being managed by the EIB.
    Read More
  • New international trade crossing linking Canada and US
    June 9, 2015
    The Detroit River is short, only 45km, and narrow in places, less than 1km. Around a quarter of the annual $658 billion Canada-US trade crosses over the river. That’s $160 billion worth of goods trucked each year between Detroit in the US state of Michigan and the Canadian city of Windsor in the province of Ontario - the Windsor-Detroit Corridor. There are several types of crossings, but the vast majority of commercial traffic must use the 2.3km Ambassador Bridge (see box). A new bridge was initially prop
    Read More
  • Zimbabwe highway bidding underway
    April 3, 2023
    Bidding is underway in Zimbabwe for highway works.
    Read More

Highlighted Content