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Afghanistan unveils 43 tenders for natural resource projects

15 Apr 2019 1TV News

2019-04-15 | 16 minute ago

Afghanistan unveiled 43 tenders for natural resource projects on Monday, amid efforts to end war.

The tenders were announced by Afghanistan’s acting Minister of Mines and Petroleum Nargis Nehan at a conference in Dubai that was attended by 150 international companies.

The tenders include talc, marble, chromite, travertine, cement, oil and gas projects, the ministry said in a statement.

The government estimates $100 million will be spent over the next year on initial assessments, exploration, and evaluation work.

“We have a good package of incentives for investors,” Nehan said in an interview with Reuters.

Afghanistan is opening 14 tenders for large-scale projects to international companies through a competitive bidding process, with the remaining small-scale projects to be awarded to local companies.

The projects have generated interest from U.S., European, and Gulf companies, Nehan said.

The announcement comes amid peace talks between the United States and the Taliban to the 18-year-old war.

“There are two ways of looking at the issue ... the situation might deteriorate,” Nehan said over peace efforts.

“There is another perspective to look at it, and that is actually finally having peace,” she said.

A tender can be awarded within six months and work is expected to start within a further six-month period, Nehan said.

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