CA-NEWS (TM) - The External Economic Bank of Turkmenistan, the Japan Bank for International Cooperation and financial organizations-participants will agree about the credit of 13-year term in the amount of 45 billion 34 million 400 thousand Japanese yens on the insurance of the National export-credit Japanese agency NEXI.

According to separate internal credit agreement, the State Concern "Turkmenchemistry" will provide the financing of main payments regarding the insurance and credit in the period of the construction works, supply of necessary equipment and rise of the power capacity of plants of the production of ammonia and carbamide. The payments will be done through own money of Turkmenistan and through the attracted money of the oil and gas sphere.

According to Turkmenistan.ru, Turkmen President signed the special decree concerning the project.