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ADB will Fund Turkmenistan Railway Project

30 June 2011 Thursday, 18:35
Railway Infrastruter Project

The Asian Development Bank (ADB) will extend $125m to Turkmenistan to build a 311km railway line through the Turkmen section of the existing rail line to Iran.

The rail line will pass through a corridor linking Kazakhstan with an Iranian port on the Persian Gulf.
The loan will cover 75% of the project cost of $166.7m, repayable over 25 years with a five-year grace period.
The rail project will be completed by September 2012.

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