Tajikistan plans to increase investments in basic capital

Tajikistan Materials 5 September 2014 17:03 (UTC +04:00)

Baku, Azerbaijan, Sept. 5

By Aygun Badalova - Trend:

Tajikistan plans to annually increase investments in basic capital by more than $1.2 billion over three years, Avesta.Tj reported Sept. 5 referring to the country's ministry of economic development and trade.

The increase of investments is because of the expected growth of national economy in 2014-2016, a source in the ministry told Avesta.Tj.

During the next three years plans are to invest over $3.6 billion in basic capital, according to the source.

The sources of financing include state budget and foreign investments, in particular, loans, grants as well as domestic investments.

The source also said that 8.4 billion somoni is expected to be allocated from the state budget.

These means will mainly be directed to the implementation of the projects in construction, energy, transport and communication spheres.

The official exchange rate on Sept. 5 is 0.20 TJS/USD.