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Turkmenistan improves pricing system in construction

Business Materials 27 March 2018 19:01 (UTC +04:00)

Ashgabat, Turkmenistan, March 27

By Huseyn Hasanov – Trend:

Turkmenistan develops a program in the field of budget documentation and pricing in construction for the period up to 2020, the local Miras TV channel reported.

This issue was discussed at a government meeting where Deputy Prime Minister Dadebay Amangeldiyev presented a report on development of a national estimate and regulatory framework and improvement of the pricing system in construction.

In this regard, it's planned to establish an inter-branch commission. Turkmen President Gurbanguly Berdimuhamedov instructed to show a responsible approach to this issue, according to the TV channel.

"Today, the construction complex is focused on implementation of large-scale state programs, including industrialization, creation of modern transport infrastructure, production of import-substituting products and increasing of the volume of export goods, housing construction, and transformation of regions," the president said.

As of January 2018, about 1,900 large facilities with a total value of about $47 billion are under construction in Turkmenistan, 1,800 of which are built by domestic companies.

The Caspian country is located in a seismically dangerous zone. In October 1948, a catastrophic earthquake, the strength of which reached 10 points, jolted Ashgabat and led to numerous losses.

In the country, a control over compliance with the necessary construction standards is carried out by the Research Institute under the Construction and Architecture Ministry of Turkmenistan.

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