Turkmenistan, Ashgabat, Dec.2 / Trend, H.Hasanov /
The European Bank for Reconstruction and Development (EBRD) will provide US$
3 million loan to the Turkmen private construction services company, Shazada, the bank said in its press release on Friday.
The company will use the loan to purchase new heavy machinery and trucks.
Shazada is engaged in substantial infrastructure works around the South Yolotan-Osman (recently renamed Galkhinish) natural gas deposit fields in Turkmenistan.
"The loan to Shazada will allow the company to purchase equipment it currently rents, expand its fleet and improve profitability. Support for exactly this kind of business - a private, medium-sized, fast-growing local enterprise - is the EBRD's priority in Turkmenistan," the press release says.