Turkmenistan

Turkmenistan in CAREC

  • Turkmenistan joined CAREC in 2010
  • Since 2010, $569 million has been invested in transport projects
  • 2 ongoing CAREC projects
  • 1 completed CAREC project

North-South railway project aiming for completion late 2014

The project will help Turkmenistan realize its transit potential as larger volumes of freight enter the country. Read more


CAREC in Turkmenistan

Turkmenistan joined CAREC in 2010 and embraces the program’s vision of an integrated and globally connected region. The country is participating in the planning of regional projects in transport, trade, and energy security.

The country’s membership in CAREC boosts the program’s goal of building greater connectivity through six international transport and trade routes. Now that all five Central Asian countries— Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan—are members of the program, there are no missing links in CAREC’s transit trade routes between East Asia and the Mediterranean.

CAREC Corridor 2 and Corridor 3 pass through Turkmenistan, connecting the country to a network that extends west through Azerbaijan to Turkey and Europe; eastward to the PRC, north to Kazakhstan and the Russian Federation, and south to Pakistan's warm-water ports of Karachi and Gwadar, on the Arabian Sea.

Key Projects

North-South Railway Project

A rail link between Buzkhun and Bereket will soon enhance the safety and efficiency of Turkmenistan's railway network, and open up new opportunities for increased trade. Read more

Turkmenistan is taking part in a drive to put Central Asia’s landlocked nations at the heart of an expansive and integrated transport network across Eurasia.

Since 2010, $569 million has been invested in transport projects. As a new CAREC-member state, Turkmenistan is looking forward to participating in regional initiatives that will benefit the development of its economy.

View all Turkmenistan projects

View all projects by corridor

 

Economic Outlook

Highlights from the Asian Development Outlook 2015:
High growth at 10.3% in 2014 reflected robust public investment and gas exports. Strong foreign direct investment nevertheless drove the current account to a deficit of 4.4% of GDP. Growth is projected to slow to 9.7% in 2015 and 9.2% in 2016, and the current account deficit to widen further to 8.4% of GDP before moderating to 6.2% in 2016. Inflation is forecast to reach 7.0% before subsiding to 6.5%. Read full report

More economic and social indicators for Turkmenistan from the World Bank's World Development Indicators online.

Human Development

The United Nations Development Programme prepares reports on human development in Turkmenistan.