Turkmenistan to spend up to $5 bln for construction of Arkadag city

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The authorities of Turkmenistan will spend up to $ 5 billion from the country's budget for the construction of a new center of the Akhal velayat - the city of Arkadag, named after the former president of the republic, current head of the Halk Maslakhaty Milli Gengesh (upper house of the parliament of Turkmenistan) Gurbanguly Berdimuhamedov, Avesta reports.

The French news source France24, cited by the agency, reports that the head of the State Committee for Construction of Turkmenistan, Dyaregeldi Orazova, said that the first stage of the construction of Arkadag will cost $3.3 billion, and the second stage is estimated at about another $1.5 billion, “but the exact the cost will be known after the announcement of a tender for the construction of the second stage of the city's development.

Thus, at least $4.8 billion will be spent on the construction of the city of Arkadag.

According to the Chronicle of Turkmenistan, the Turkmen authorities will spend $2.76 billion on the purchase of imported building materials alone.

CentralasianLIGHT.org

March 31, 2023