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Turkmen president insists on granting preferential mortgage loan to population

Business Materials 23 February 2009 15:19 (UTC +04:00)

Turkmenistan, Ashgabat, Feb. 23 / Trend , E.Hasanov /

President of Turkmenistan Gurbanguly Berdymuhamedov demanded clearly implementation of government decisions to provide the people of preferential loans for construction and purchase of comfortable dwelling, the official Turkmen source said.

There are articles in the new Constitution, adopted six months ago, on assurances of state citizens to purchase or build their own homes. In particular, under President's provisions, mortgage loans are issued to improve living conditions - for up to 30 years per one percent annually, with benefit up to five years.

However, authorized banks do not issue loan lines in proper time. Deputy Chairman of Turkmen Supreme Control Chamber Orazmurad Kurbannazarov spoke about revealed shortcomings.

Berdymuhamedov voiced a claim to the city administration. A sever rebuke was made to Mayor Azat Bilishov due to improper fulfillment of duties, weak control over city services and etc.

There is a lack of systematic approach to solve the problems of road quality, dwellings and communication networks. "The State allocates huge funds for this purpose," President said.

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