Tag Archives: construction

Trump cancels Tower project in Georgia

TBILISI, JAN.4 2016 (The Conway Bulletin) — The Trump Organisation, the company running the businesses of President-elect Donald Trump, pulled out of a $250m deal to build a 47-storey apartment block in Batumi on Georgia’s Black Sea coast.

Last month, the company also pulled out of projects in Azerbaijan and Brazil to protect Mr Trump’s image. In truth, though, the Batumi project, signed in 2012, lost momentum after former Georgian president Mikheil Saakashvili lost power in elections in 2012 and 2013.

The project was generally derided as part of the showmanship of Mr Saakashvili, who had a talent for eye- catching initiatives.

In an email, Trump Organisation said: “[We’ve decided] to formally end the development of Trump Tower, Batumi.”

The Silk Road Group, an industrial conglomerate that was partnering Trump in the project , said it would push ahead with the development.

ENDS

(News report from Issue No. 311, published on Jan. 6 2017)

Seimens eyes up Turkmenistan

DEC. 19 2016 (The Conway Bulletin) — German manufacturer Seimens is reportedly eying up extending credit to Turkmenistan to build the TAPI gas pipeline that will run to India across Afghanistan and Pakistan. Media said that the $2.5b loan deal would hinge around Turkmenistan buying Seimens equipment for its compressor stations. Turkmenistan considers the TAPI pipeline deal to be vital for its future economic success.

ENDS

(News report from Issue No. 310, published on Dec. 23 2016)

China completes power plant refit in Tajikistan

DEC. 9 2016 (The Conway Bulletin) — China completed the $350m refit of a power plant outside Dushanbe that is considered vital to generating electricity for Tajikistan’s capital city. The refit of the power station highlights just how powerful China’s has become in Tajikistan. It has replaced Russia as the mainstay of the economy. Electricity is important in Tajikistan because its cities suffer from blackouts throughout the year.

ENDS

(News report from Issue No. 309, published on Dec. 16 2016)

Turkmenistan and Afghanistan open railway

NOV. 29 2016 (The Conway Bulletin) — Turkmenistan and Afghanistan opened a long awaited rail link which should ease trade, especially shipments of refined fuel. Turkmenistan’s economy relies of gas sales, mainly to China, but it has been looking to diversity into refined fuel and electricity exports and it sees Afghanistan as a potentially important market. It has built a 540,000 tonne oil product terminal at the Ymemnazar customs point on the border with Afghanistan.

ENDS

(News report from Issue No. 307, published on Dec. 2 2016)

Japan’s Mitsubishi signs second power plant deal in Uzbekistan

NOV. 21 2016 (The Conway Bulletin) — Japan’s Mitsubishi Corporation won a contract to build a 900MW combined-cycle power plant in the Ferghana Valley in eastern Uzbekistan, a critical development for the country’s power generation sector.

This is Mitsubishi’s second deal in Uzbekistan in the past month. In October, it agreed to build a second co-generation station at the Navoi thermal power plant. In July 2015, Mitsubishi had won a tender to build a fertiliser plant in Navoi.

Mitsubishi said that the Japanese and Uzbek government will finance construction of the Turakurgan Thermal Power Station.

“This project will be financed by an Official Development Assistance (ODA) Loan provided by the Japan International Cooperation Agency (JICA), and Uzbek government funds,” the company said in a statement.

The parties did not disclose the value of the contract, this secrecy is not unusual in Uzbekistan, but an earlier assessment of the project said it would cost $704m.

ENDS

(News report from Issue No. 306, published on Nov. 25 2016)

EBRD gives loan to Armenia

NOV. 9 2016 (The Conway Bulletin) — The EBRD gave a $50m loan to Armenia to modernise a section of the Vanadzor-Bagratashen highway, which connects central Armenia to the border with Georgia. Repair and construction work will be carried out along a 51km section of the road. The European Investment Bank will support the modernisation of another section of the road with a $51m loan. Vanadzor is Armenia’s third-largest city. Armenia-Georgia ties have improved in recent years.

ENDS

(News report from Issue No. 304, published on Nov. 11 2016)

Turkmenistan completes railway construction

OCT. 31 2016 (The Conway Bulletin) — Turkmenistan’s foreign ministry said that construction work at a railway network connecting Atamyrat-Imamnazar to Akina in Afghanistan was complete. The two countries had started building the 88km railway connection in mid-2013. Altcom, a Ukrainian company, built two of the railway’s bridges. Turkmenistan and Afghanistan have tried to improve diplomatic ties to jointly combat Islamic extremists who threaten Turkmenistan’s southern border.

ENDS

(News report from Issue No. 303, published on Nov. 4 2016)

ABD to fund road in Tajikistan

NOV. 2 2016 (The Conway Bulletin) — The Asian Development Bank (ADB) will give a $65.2m loan to Tajikistan to support the construction and remodelling of the Dushanbe-Kurgan Tyube road link. The highway serves as the country’s major north-south artery. The Tajik government will allocate $17.2m to the project. The OPEC Fund for International Development will also send a $12m loan.

ENDS

(News report from Issue No. 303, published on Nov. 4 2016)

Work starts on building Tajikistan’s Rogun dam

OCT. 29 2016 (The Conway Bulletin) — Tajik President Emomali Rakhmon inaugurated construction of the Rogun dam which should, if completed to the current plans, be the tallest dam in the world.

The Rogun dam project, though, is a project mired in controversy. Drawn up by the Soviets, it has been at the design stage for decades.

Downstream Uzbekistan is fiercely against the project, fearing that it will divert water that it needs to irrigate its cotton fields. Environmentalists have complained about the damage that will be caused to the natural landscape and human rights groups have documented the thousands of people forcibly moved to clear space for the project.

The inauguration of the Rogun dam project also came the day after a three-hour blackout hit the entire country. Supporters of the project said that this highlighted the need for the hydropower project to be built.

Italy’s Salini Impregilo was handed the $3.9b contract to build the Rogun dam earlier this year.

ENDS

(News report from Issue No. 303, published on Nov. 4 2016)

Japan’s Mitsubishi to build new thermal power station in Uzbekistan

OCT. 24 2016 (The Conway Bulletin) — Japan’s Mitsubishi Corporation signed a contract with state-owned Uzbekenergo for the construction of a second co-generation station at the Navoi thermal power plant which will significantly increase the plant’s capacity.

Navoi, in central Uzbekistan, is one of the country’s main industrial hubs.

Mitsubishi had participated in the construction of a 478 megawatt co- generation station that the Uzbek government commissioned in 2009.

Electricity generation is a major issue in the region with governments scrambling to replace aging Soviet- era technology.

Mitsubishi will work together with Turkey’s Calik Enerji. The two companies said construction of the new, 450 megawatt station will be completed by 2019.

Mitsubishi and Uzbekenergo had agreed on the feasibility of the new station in 2014. Like several other major infrastructure projects, the expansion of Navoi had been questioned due to the regional economic slump.

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(News report from Issue No. 302, published on Oct. 28 2016)