Closed joint stock company to be set up in Turkmenistan’s maritime trade
Ashgabat, Turkmenistan, March 29
By Huseyn Hasanov- Trend:
A report on the measures taken to establish the Merchant Fleet closed joint stock company was submitted at a meeting of the Cabinet of Ministers of Turkmenistan, a government report said March 28.
Turkmenistan conducts large-scale activities to improve the activity of the departments under the Turkmen State Service of Maritime and River Transport, as well as to use the advanced experience.
While focusing on the widespread introduction of modern methods and technologies in the Turkmen merchant marine fleet, Turkmen President Gurbanguly Berdimuhamedov signed a relevant decree.
On the Caspian Sea, Turkmenistan borders with Azerbaijan, Russia, Kazakhstan and Iran.
The regional transport projects have been recently intensified. Upgraded large-capacity vessels of the Turkmen trade fleet are actively involved in Caspian cargo transportations, serving international routes from Turkmenbashi port to other Caspian ports. They are expanding the variety of the transported goods.
The Turkish Gap Insaat will build a modern seaport in the city of Turkmenbashi on the Caspian seashore by 2017. The seaport will also include ship repair and shipbuilding yard.
The project's cost is estimated at $2 billion.