PROCUREMENT NEWS

TURKMENISTAN : EBRD provides a loan of $1.2 million to Turkmen private company

Published 10 Feb 2012

The European Bank for Reconstruction and Development (EBRD) will provide a loan of $1.2 million to Turkmen private company DGT Logistics Turkmenistan.

DGT Logistics intends to use the EBRD loan to procure a range of transport vehicles and freight-handling equipment.

DGT Logistics Turkmenistan is among the major private firms that provide cargo transport and logistics services in Turkmenistan. The company is mainly engaged in the oil and gas industry, where major investments are increasing the demand for its services.

During its activities in Turkmenistan the EBRD has invested over $700 million in more than 30 projects.

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