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IBRD allocates US $ 62 million for modernization of Turkmenbashi seaport
A Memorandum of Understanding between the Government of Turkmenistan and the International Bank for Reconstruction and Development (IBRD) for the modernization of the seaport of Turkmenbashi was signed in Ashgabat. The signing ceremony was attended by members of the Turkmen government and major banks, as well as the World Bank Country Director for Central Asia, Motoo Konishi, and representatives of this bank in Turkmenistan.

As the Turkmenistan.ru correspondent reports from Ashgabat quoting the press service of the Ministry of Foreign Affairs of Turkmenistan, the memorandum provides for the financing of the project for modernization of the international seaport of the city of Turkmenbashi, which would cost about US $ 62 million.

Following the signing ceremony, Moto Konishi expressed confidence that "the IBRD's international experience in the field of marine transportation and logistics will benefit Turkmenistan in the context of solving problems on taking this sphere to the level of international standards."

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