ADB will Fund Turkmenistan Railway Project

ADB will Fund Turkmenistan Railway Project
June 30, 2011 6:35 pm

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. is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.

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