RESOLUTION OF THE PRESIDENT OF TURKMENISTAN

of December 14, 1999 No. 4473

About measures for program implementation of the President of Turkmenistan Saparmurat Turkmenbasha "About social and economic transformations in agricultural industry till 2005 and for 2010"

For the purpose of providing conditions for effective implementation of the Program of the President of Turkmenistan Saparmurat Turkmenbasha "About social and economic transformations in agricultural industry till 2005 and for 2010", - "gold" century of the Turkmen people I decide increases in production of agricultural products on the basis of use of the modern equipment and implementation of the progressive forms of government in agricultural industry on the dawn of the 21st century:

1. For project implementation by cost 353, 7 million US dollars on acquisition and effective use of the agricultural and meliorative machinery to permit to sign the contract:

Associations of joint-stock companies on technological servicing of agricultural industry Turkmenobakhyzmat on delivery of agricultural machinery with the American company "Amerikan of Machinery of the Company Inc." (Amako on the amount 153, 7 million US dollars and Keys corporation on the amount of 100 million US dollars;

Associations of joint-stock companies on operation of water management systems and servicing of water users Turkmenobasuvkhyzmat on delivery of the meliorative equipment with Katerpiller corporation on the amount of 100 million US dollars.

2. To national bank of foreign economic activity of Turkmenistan to draw up receipt of the credits under insurance coverage of Export-import bank of the USA and to avalize the bill of exchange for advance payment amount provided in the form of separate commercial credit for financing of the contracts specified in Item 1 of this resolution.

3. To the government of Turkmenistan to assume unconditional and irrevocable guarantee on repayment of the allocated credits taking into account the added percent and commission expenses.

4. Associations of joint-stock companies on technological servicing of agricultural industry Turkmenobakhyzmat and Associations of joint-stock companies on operation of water management systems and servicing of water users Turkmenobasuvkhyzmat:

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