1. Caspian Environment Program Caspian Investment Forum Implementation of the National Caspian Action Plan of Turkmenistan
Glasovskiy V. A.
Ministry of Nature Protection of Turkmenistan
November 19, 2004 г., Baku, Azerbaijan

2. National Caspian Action Plan: priority directions
Integrated management of the coastal zone of Turkmenistan
creation of adeguate legal and normative bases
recultivation of the watershed and coastal zone
work with the population
Strengthening the monitoring for conditions of Turkmen sector of the Caspian Sea
Development of economic potential of the Caspian outside of the oil, gas and chemical industry

3. Relationship between the NCAP of Turkmenistan and relevant national strategies on sustainable development
Program «Strategy of social-economic transformation of Turkmenistan to 2010», including local and organizational programs
NEAP (National Environment Action Plan) to 2010, including environmental actions on territories of Turkmenistan coastal zone of the Caspian Sea on amount of 41.5 million USDollars.

6. Implementation of the actions
Activities of the NCAP of Turkmenistan imlemented during
Donors – USD (41%),
Own funds– USD (59%)

7. Examples of activities implemented under NCAP:
Elaboration of rules for protection of coastal waters of Turkmenistan from pollution from vessels
Dredging works and conduction of bathymetrical research of navigation channel in Turkmenbashi Bay
Cleaning of ground waters from oil contaminants around Turkmenbashi Oil Refinery

8. National budget obligations for NCAP activities planned for the period of 2004-2007
Continuation of reconstruction and modernization of Turkmenbashi Oil Refinery, minimization of negative impacts on the environment (USD 81,6 million)
The tender is about to be completed on Construction of Hatchery (about USD 10 million)
Conservation and sustainable use of biodiversity of international importance in Khazar Reserve on the coast of the Caspian Sea (total budget – around USD 3 million)

9. Priority potential investment opportunities of the NCAP of Turkmenistan
Upgrade of the system of monitoring and pollution control of the Turkmen sector of the Caspian Sea and its coastal area.
Estimated action cost USD 1,5 million
Utilization of ferro-concrete constructions on the seashore of Turkmenbashi bay.
Estimated action cost USD 10 million
Sustainable development of coastal zone of Cheleken peninsula
Estimatred action cost USD 6,6 million

10. Investment attraction strategy
Depending on the type of projects:
For institutional project
Active cooperation with international organizations, potential donors
For commercial projects
Liberization of legislation
Tax policy
Land code
Attraction of international investments, including private, by providing state guarantees, favorable conditions etc.