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Mastered investments volume increases in Turkmenistan

Business Materials 11 July 2012 10:55 (UTC +04:00)

Turkmenistan, Ashgabat, July 9 /Trend H.Hasanov/

The investments volume to develop the economy due has significantly increased this year compared to the corresponding period last year, the Economy and Development Ministry said on Monday.

"The bulk of this investment is directed to comprehensive development of the industry, creating new production capacity, equipped with advanced technologies, as well as to further improvement of the social sphere," said in a statement.

President of Turkmenistan Gurbanguly Berdymuhamedov stressed the importance of steps to the comprehensive modernization of the national economy, the formation of a multi-industrial sector implemented in the country and instructed to keep all the relevant issues under strict
control at a recent government meeting, Turkmenistan TV channel said.

"Evaluating the implementation of the investment program, it is sufficient to note that the country is building nearly 1,800 facilities worth $35 billion 400 million, while investments increased compared to last year, and amounted to 116.6 percent," Berdymuhamedov said.

The ministry notes that the volume of mastered capital reached 47.3 percent of the annual plan in the framework of the national program of transformations in the first half of 2012.

An increase of this index was 131.2 percent compared to the same period last year. The construction of 29 social facilities, which were commissioned were completed during the reporting period.

The ministry said 811 kilometers of water lines, 424.7 km of roads, 685.3 km of gas pipelines, 1263.8 km power lines, 1426.8 km of telephone networks is laid and 264.1 thousand square meters of dwelling space were constructed.

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