The President of Turkmenistan and the head of the ADB discussed the possibility of enhanced cooperation

The possibilities for further strengthening of cooperation were discussed yesterday at the meeting of President of Turkmenistan Gurbanguly Berdimuhamedov with President of the Asian development Bank (ADB) Takehiko Nakao, who arrived in Ashgabat to participate in the 17th Ministerial conference of the Central Asia Regional Economic Cooperation (CAREC), which opened today in the capital of Turkmenistan. 

Noting that Turkmenistan has been a member of the ADB since 2000, G. Berdimuhamedov noted the long-term and effective nature of the partnership with the Bank, which has accumulated experience of successful cooperation. Among the priority areas of cooperation are the fuel and energy sector and the diversification of export routes for energy supplies, the formation of transit and transport infrastructure, the promotion of small and medium-sized businesses.

The President also noted that the broad prospects for the activation of partnerships are due to the implementation of infrastructure projects of national and regional importance. Among them-the project of construction of the Turkmenistan-Afghanistan-Pakistan-India gas pipeline. As one of the main partners in the TAPI project, ADB is actively involved in its implementation.

The meeting also noted the importance of the recently signed Agreement on the project of construction of the power transmission line on the route Turkmenistan-Afghanistan-Pakistan (TAP). In this direction, the fiber-optic communication line will also be laid, which will help to strengthen the integration processes in this part of the Asian region. Work is also underway to lay the Akina - Mazar-e-Sharif railway.

All these projects open up prospects for further cooperation between Turkmenistan and ADB.

The head of state also suggested ADB to consider the possibility of investing in the project of construction of desalination plants. Having positively accepted this proposal, the guest stressed that the policy of good-neighbourliness pursued by Turkmenistan promotes confidence-building, mutually beneficial partnership and integration processes in Central Asia.

Fully supporting this strategy, ADB expresses its readiness to support the implementation of initiatives aimed at the socio-economic revival of Afghanistan and its involvement with the modern system of regional world economic relations.

Discussing investment cooperation in the field of transport, the parties considered the possibility of partnership in the creation of international transit and transport corridors, and in particular, on the route Afghanistan-Turkmenistan-Azerbaijan-Georgia-Turkey and further in the European direction.

The increased potential of cooperation in the Caspian sea was also noted, where after the signing of the Convention on the legal status of the Caspian sea there are prospects for future joint projects, including the construction of pipelines and the development of marine resources.

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