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Monday, 18 July 2005
China Starts Implementing $128.6 mln Railway Transport Contract with Turkmenistan
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

Posted by countryturkmenistan at 11:48 AM
Updated: Monday, 18 July 2005 11:49 AM
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