Turkmen President orders to accelerate Caspian Sea port modernization
Turkmenistan, Ashgabat, April 17 / Trend H. Hasanov /
Turkmen President Gurbanguly Berdimuhamedov has emphasised the need to accelerate the on-going reconstruction and modernisation of the Turkmenbashi sea port, destined to be largest transit hub of the Europe-Caucasus-Central Asia (TRACECA) international transport corridor, the Turkmen government said today.
"This will increase the freight flow of domestic goods via new international routes, the Turkmen leader said.
Neutral Turkmenistan newspaper reported on Tuesday that at another meeting, the president ordered the preparation of proposals on the technical re-equipment and national merchant fleet to be submitted to the government for consideration.
'The Turkmen leader has emphasised the importance of the dynamic development
of the Turkmen navy due to the acquisition of new specialised ships, equipped with the most advanced equipment', the message said. 'They will greatly expand the opportunities of the Turkmen State Service of Maritime and River Transport in international transportation'.
It was earlier reported that the Central Bank is considering the opportunities of
allocating the loan due to free funds in foreign currency to implement the projects that meet the a master plan-2020 approved to develop the Turkmenbashi international sea
port and Turkmen merchant marine fleet.
According to experts, a full-scale reconstruction of the Turkmenbashi sea port
will require the investments worth several billion U.S. dollars.
The priorities are the construction of new offshore terminals with multi-purpose berths, capable of receiving ships of any type and capacity and storehouses for
processing and storage of transit goods to enable export-import operations, equipped with powerful loading and unloading facilities.
In terms the growing volume of cargo processed at the berths of the Caspian harbour, through which the country's industrial and agricultural equipment is delivered, such cargo as automotive equipment, metal products, wood products, mineral fertilisers are sent abroad to the polypropylene, coke and other petroleum products, chemicals and construction industry.
Turkmenbashi claimed dozens of foreign companies are interested in this project. The European Bank for Reconstruction and Development (EBRD), the Japan International Cooperation Agency, the International Bank on Reconstruction and Development (IBRD) and the Government of Turkmenistan have all signed a Memorandum of Understanding on the modernisation of the Caspian Sea port.