EBRD to provide new loan for Turkmenistan's construction sector
By Trend
European Bank for Reconstruction and Development (EBRD) will
allocate a loan for Turkmenistan’s Ak-hunji company, the
representative of EBRD Anton Usov told Trend.
Ak-hunji company is engaged in production of building materials in
Turkmenistan. Thus, the country's construction sector will receive
a timely inflow of funds.
"The loan will be allocated to the mentioned company at the end of
July," Usov said, without mentioning the amount of the loan.
The report dismissed previous news that EBRD has already provided a
loan to Ak-hunji company, as reported by Business Turkmenistan news
portal.
"The loan amount is $1.8 million. An individual enterprise will be
able to improve the quality and durability of its products, as well
as increase its export abroad," the report had said.
Launched in 2009, Ak-hunji operates using modern and safe raw
materials from the Republic of Korea, China and Hungary. Ak-hunji
company produces 60 types of decorative profiles and ceiling panels
as well as 200 types of architectural elements for building
facades. An important share of the company's products accounts for
sandwich panels.
Anton Usov added that EBRD may provide similar loans to Turkmen
companies if the right opportunities emerge.
The European Bank for Reconstruction and Development pays special
attention to expanding private sector activities in Turkmenistan’s
corporate and financial sectors. To date, the bank has implemented
over 70 projects in the country.
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