IDB funds construction of Turkmenistan-Iran railway
The Islamic Development Bank (IDB) has allocated a $371.2 million
loan to Turkmenistan to construct the railway to Iran.
The loan covenant under the project was signed by IDB President Ahmed Mohammed Ali Al-Madani, who is on visit to Ashgabat, and Turkmen Railway Transport Acting Minister Rozmirat Seyitkuliyev.
Turkmen President Gurbanguly Berdymukhamedov has approved the loan agreement on financing the design and construction of the railway segment from the Turkmen Bereket city to the Etrek settlement bordering on Iran. This site will be included in the Kazakhstan-Turkmenistan-Iran transnational railway.*
The loan covenant under the project was signed by IDB President Ahmed Mohammed Ali Al-Madani, who is on visit to Ashgabat, and Turkmen Railway Transport Acting Minister Rozmirat Seyitkuliyev.
Turkmen President Gurbanguly Berdymukhamedov has approved the loan agreement on financing the design and construction of the railway segment from the Turkmen Bereket city to the Etrek settlement bordering on Iran. This site will be included in the Kazakhstan-Turkmenistan-Iran transnational railway.*
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