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River Ways to be transformed into a joint-stock company in Turkmenistan

River Ways to be transformed into a joint-stock company in Turkmenistan

In Turkmenistan, the production association “Deryayollary” (River Ways) will be transformed into a joint stock company. This was announced at a visiting expanded meeting of the Cabinet of Ministers held in Lebap.

According to Deputy Prime Minister Bayramgeldi Ovezov, the “Turkmendenizderyayollary” agency (Turkmen Sea and River Routes), the International Sea Port of Turkmenbashi and the closed-type JSC “Sea Merchant Fleet” will act as the founders of “Deryayollary” with a share.

After hearing the report, President Gurbanguly Berdimuhamedov noted that in recent years, large-scale work has been carried out in our country to develop transport corridors, which contributes to the establishment of Turkmenistan as an important transit hub of the continent. In this context, the head of state pointed out the need to modernize the sectoral infrastructure, introduce the latest technologies.

At the same time, the leader of the nation focused on unremitting control over the improvement of the quality of services in the field of passenger and cargo transportation by all types of transport, the provision of modern types of communication.

“The development of the transport complex will continue to be among the priorities of our policy,” Berdymuhamedov said.

Focusing on the issues of privatization of structures subordinate to the transport sector, the head of Turkmenistan emphasized that the economic effect of the privatization of state property is designed to further promote the progressive reforms carried out in the country.

Noting the importance of clear fulfillment of priority tasks in this direction, President Gurbanguly Berdimuhamedov instructed the Deputy Prime Minister to make every effort to implement the plans, the “Neutral Turkmenistan” newspaper reported today.


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