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Japanese financing agency studies projects in Turkmenistan

Business Materials 20 September 2018 15:33 (UTC +04:00)

Ashgabat, Turkmenistan, Sept. 20

By Huseyn Hasanov – Trend:

A meeting with the Hajime Taniguchi, director of Central Asia and Caucasus Division of Japan International Cooperation Agency (JICA) was held at the Foreign Ministry of Turkmenistan, the Turkmen Foreign Ministry said in a statement.

The parties discussed priorities of further bilateral relations and exсhanged views on implementing projects in Turkmenistan. In the course of the meeting, the significance of training programs within JICA that helps to obtain practical knowledge based on Japanese experience for partner-countries was noted, the message says.

The efficiency of JICA training courses on various subjects such as economy, finance, education, entrepreneurship, technology utilizing natural gas, transport, logistics and tourism was also underlined. Earlier it was reported that JICA launched a project in Turkmenistan to improve the system of seismic observations in the city of Ashgabat and around it.

The agency planned to transfer to Turkmenistan the modern seismological equipment for registration of strong ground motions, digital seismic stations, software for processing and interpretation of materials. In addition, another financial institution recently signed a loan agreement with the State Bank for Foreign Economic Affairs of Turkmenistan. The Japan Bank for International Cooperation - JBIC has expressed its willingness to finance the project of construction of gas turbine power plant with a capacity of 432 megawatts in Charjew district of Lebap region of Turkmenistan.

In 2013, a number of agreements and contracts were signed between the "Turkmengaz", "Turkmenkhimiya" and "Turkmennebit" (Turkmenoil) state concerns with Japanese Sojitz, Chiyoda, Nippon, ITOCHU, JGC, Kawasaki, TOYO, Mitsui, Tsukishima, Mitsubishi, Sumitomo companies. It was reported then that the total cost of the joint projects slated for implementation, exceeded $10 billion.

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