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Islamic Development Bank approves $273 million for Telecommunication Network Enhancement Project in Turkmenistan
Central Asia | business | 14:59, 05 July 2017 | 2679

AKIPRESS.COM - The members of the Board of Executive Directors of the Jeddah-based Islamic Development Bank (IsDB), in their 320th meeting which convened on Sunday, have approved US $1096.4 million worth of development projects for the IsDB member countries, including Turkmenistan.

The Bank earmarks $273 million for the Telecommunication Network Enhancement Project in Turkmenistan. The approvals of the Board also include:

-“US $24.1 million for the Health Resilience Project in Lebanon”;
-“US $102.8 million for the 50 MW Power Plant of Kossodo in Ouagadougou in Burkina Faso”;
-“US $165.4 million for the Sirakoro 100 MW Thermal Power Plant in Mali”;
-“US $216.63 million for the Infrastructure Development Project for the Expansion of Rusayl Industrial Estate in Oman”;
-“US $95.24 million for the Rural and Peri-Urban Housing Finance Project in Bangladesh”;
-“US $53.71 million for the Agriculture Infrastructure and Value Chain Development Project in Cameroon”;
-“US $15.4 million for the Rural Water Supply and Sanitation Project in N’Zerekore Region in Guinea”;
-“US $115.6 million for contribution to financing of two power generation projects in Egypt (the Non-Sovereign Project Financing Participation in 3x50 MW
Photovoltaic Solar Power Project (Feed in Tariff Program) – round II – as well as the Scatec Solar Project)”;
-“US $56 million for the Abour 49.5 MW wind Farm Project in Jordan”; and
-“US $83.8 million for the Turkish Public Health Campus Project in Turkey”.

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