Credits are provided for realization of large-scale projects to the Union of Industrialists and Entrepreneurs
The President of Turkmenistan signed Decisions of credits provision to the Union of Industrialists and Entrepreneurs of Turkmenistan for building of highway Ashgabat -Turkmenabat and potash complex in Lebap velayat.
According to the documents, the Central bank of Turkmenistan will provide credit amounting to 2 billion 400 million US dollars to the Union of Industrialists and Entrepreneurs of Turkmenistan through Joint-stock commercial bank “Rysgal” for financing of building of high-speed highway Ashgabat –Turkmenabat. Finances are provided for a period of 20 years with 1 per cent annual interest rate and five years' grace period.
The credit for sum of 600 million US dollars for a period of 11 years with 3per cent annual interest rates and four-year grace period is provided for building of mining concentrating plant on production of potash fertilizers on Tyubigatan deposit in Lebap velayat.