The private company “Ojar Asia” has signed a contract with the Eurasian representative office of China’s Sino Hydro Bureau 12 Co. Ltd., for the parties to jointly build the Serakhs-Mary-Serkhetabat highway in Turkmenistan.
This road will have a length of about 450 kilometers.
The highway will be an important element of the country’s transport infrastructure, and will improve conditions for foreign trade, including the export of Turkmenistan’s natural resources.
More than $2 billion in investment from Sino Hydro Bureau will finance it, and Ojar Asia will lead the construction.
Turkmenistan is developing road infrastructure to improve transportation links and stimulate its economy. Road projects are strategically important as the country plans to integrate the new highways into international East-West and North-South transportation corridors. This helps increase transit transportation and natural resource exports, which are vital in diversifying an economy traditionally dependent on hydrocarbon exports.
