DUSHANBE, Tajikistan, December 20. Tajikistan and the OPEC Fund for International Development signed a credit agreement for the first phase of the Guliston-Farkhor-Panj-Dusti Road Reconstruction Project, Trend reports.
The credit agreement was signed by Tajikistan's Minister of Finance, Fayziddin Kakhhorzoda, and Abdulhamid Alkhalifa, Director-General of the OPEC International Development Fund.
The project's major purpose is to improve the efficiency and quality of Tajikistan's road network, thereby promoting the growth of the country's international transit potential.
The overall value of the arrangement is $10 million, and it is wholly funded by concessional loan monies from the OPEC Fund for International Development. The entire cost of the project is $41 million.
In addition, the parties agreed to fund the second phase of Tajikistan's Support to Implementation of the National Education Development Strategy Project. Its goal is to promote educational improvement and strengthen Tajikistan's education system by modernizing and expanding access to school infrastructure, establishing and expanding the system of continuous professional development for teachers, and implementing the National Assessment of Learning and Educational Achievement.
The stipulated deal is worth $8 million and is entirely funded by the OPEC International Development Fund's concessional loan monies.
