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Turkmenistan, ADB mull partnership prospects

Business Materials 22 September 2016 15:16 (UTC +04:00)
President of Turkmenistan Gurbanguly Berdimuhamedov and President of the Asian Development Bank (ADB) Takehiko Nakao have expressed confidence in the further promotion of mutually beneficial partnership during the meeting in Ashgabat
Turkmenistan, ADB mull partnership prospects

Ashgabat, Turkmenistan, Sept. 22

By Huseyn Hasanov– Trend:

President of Turkmenistan Gurbanguly Berdimuhamedov and President of the Asian Development Bank (ADB) Takehiko Nakao have expressed confidence in the further promotion of mutually beneficial partnership during the meeting in Ashgabat, the Turkmen state news agency reported.

Nakao noted the prospects of strengthening business relations with Turkmenistan, which has profound economic and resource potential, and which has a reputation of a responsible and reliable partner in the world.

During the meeting the sides exchanged views on priority areas of cooperation.

Since 2013, the ADB has acted as a transaction advisor to the construction project of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) transnational gas pipeline. Implementation of this project started in December 2015.

“Successful joint work on the TAPI gas pipeline project will have a positive impact on the socio-economic development of not only the countries participating in the project, but also the countries of the region as a whole,” the Turkmen state news agency noted.

Over 12,000 new jobs may be created in Afghanistan if this project, which promises huge economic benefits to the country, is successfully implemented.

Touching upon the topic of partnership in transport and communications sector, the ADB head noted that construction of the Turkmenistan-Afghanistan-Tajikistan (TAT) railway corridor will provide favorable conditions for increasing trade turnover among the member countries of the project and development of the entire Eurasian continent. The ceremony of laying the TAT railway was held in June 2013.

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