IDB allocates loan to Turkmenistan for telecommunication projects
Ashgabat, Turkmenistan, Nov. 27
By Huseyn Hasanov - Trend
The State Bank for Foreign Economic Affairs of Turkmenistan has signed a loan agreement with the Islamic Development Bank (IDB), the website of the Turkmen bank said.
These funds are intended for the implementation of the project of expanding the telecommunication network of the Turkmen Ministry of Communications in accordance with the development program for 2016-2018.
It was earlier reported that the Turkmen Ministry of Communications made a bid for obtaining the IDB’s funds in the amount of $273 million.
The loan was intended to cover the costs for telecommunication network development projects, the Turkmen Ministry of Communications said in a message.
It was expected that the projects would be co-financed together with the IDB and the Turkmen Ministry of Communications.
The projects include the following components:
1. Development of mobile communication network in Turkmenistan’s Ashgabat city and the country’s Ahal, Balkan, Dashoguz, Lebap and Mary districts.
2. Modernization of multiservice data transmission network (Internet).
3. Expansion and development of the fixed telephone network.
4. Installation of an international telephone exchange based on a multiservice IMS platform.
5. Development of the FM radio network.
6. Expansion and modernization of the billing system platform for the Ashgabat city telephone network and for mobile operator.
7. Establishment and technical equipment of the National Center for the Management and Control of the Radio Frequency Spectrum.
8. Consulting services for control over detailed design, tender process and supervision.
9. Financial audit.
The components financed by IDB will be purchased through international competitive bidding.