Topic: Economy & business
17 July 2005. The first 9 railroad soft-seated passenger cars have been sent from China to Turkmenistan, the Ashgabat correspondent of Turkmenistan.ru was told in the press service of the Chinese Embassy.
The new-style cars were produced at the Tyanshan locomotive-carriage plant of the Chinese Baiche association. This plant is to meet an order on delivering a total of 54 cars in Turkmenistan by the end of this August.
In all, it is planned that Chinese Capital-Longji Sci-Tech Co. will deliver US $ 128,6 mln worth of locomotives, carriages and equipment in Turkmenistan by December 2005.
85% of the contract’s cost will be financed at the expense of a credit provided by the supplying-company for 8 years at an annual interest rate of 3,6% with the rest 15% coming from the reserves of the State fund for development of transport and communication of Turkmenistan.
Internet newspaper Turkmenistan.Ru