Turkmenistan highway project – funding secured

A finance package has been secured to help pay for the building of Turkmenistan’s Ashgabat-Turkmenabat highway project. Worth US$2.4 billion, the financing comes in the shape of a loan and is being provided by the Central Bank of Turkmenistan. The finance package is being provided to the Union of Industrialists and Entrepreneurs of Turkmenistan under a 20-year loan deal that includes a grace period of five years. The new Ashgabat-Turkmenabat highway project will help to improve transport efficiency in
March 26, 2018 Read time: 1 min

A finance package has been secured to help pay for the building of Turkmenistan’s Ashgabat-Turkmenabat highway project. Worth US$2.4 billion, the financing comes in the shape of a loan and is being provided by the Central Bank of Turkmenistan. The finance package is being provided to the Union of Industrialists and Entrepreneurs of Turkmenistan under a 20-year loan deal that includes a grace period of five years. The new Ashgabat-Turkmenabat highway project will help to improve transport efficiency in Turkmenistan, boosting economic development.

Finance & Funding Road Structures

Related Content

  • Cambodia road reconstruction projects, financing secured
    March 28, 2018
    Financing has been secured for key road reconstruction projects in Cambodia. Work is being carried out on six road projects in the country that measure a total of 600km, as well as a bridge, with this all costing some US$490 million. A loan of $94 million will help pay for the rebuilding of Cambodia’s National Road No 11 as well as a stretch of bypass. In all 96.5km of road will be rebuilt for this project, with the work intended to improve transport connections between Thbong Khmum Province and Prey Veng P
    Read More
  • Serbia road project, funding secured
    February 19, 2019
    Construction of the 77km-long Merdare-Nis highway in Serbia is to benefit from external financing. A funding package worth €100 million is being supplied by the European Investment Bank (EIB) for the project. The funding will pay for work on a stretch of the route between Plocnik and Nis in southern Serbia. The highway will improve transport connections with neighbouring Kosovo when it is complete. This project forms part of a series of road building operations in the region, with extensive work having been
    Read More
  • Funding secured for road works in Côte d'Ivoire and Senegal
    October 11, 2022
    Funding has been secured for road works in Côte d'Ivoire and Senegal.
    Read More
  • Colombia highway construction projects secure funding
    August 22, 2018
    A finance source has been secured for major highway projects in Colombia. The Rumichaca-Pasto and Montes de Maria highways are being constructed by Spanish contractor Sacyr. A package of loans worth a total of US$110 million will pay for the highway work. This financing is being supplied jointly by CIFI, Banco BTG Pactual Cayman Branch and Banco Pichincha Panama.
    Read More

Highlighted Content