ADB will Fund Turkmenistan Railway Project

The Asian Development Bank is providing $125 million to build a 311-kilometer railway line connecting Turkmenistan, Iran, and Kazakhstan through the existing rail network in Turkmenistan.

June 30, 2011 6:35 pm | Last Update: August 21, 2015 6:40 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.

TAGS: kazakhstan turkmenistan railway project, turkmenistan railway investment, turkmenistan railway news, turkmenistan railway projects

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