The Friendship dam on the border of Turkmenistan and Iran has been inaugurated by Iran’s President Mohammad Khatami and the Turkmen Premier Saparmurat Niyazov.

The inauguration ceremony took place in northeastern Iran and was attended by a number of high-ranking officials from both countries. The US$168M dam has been constructed as a joint venture between the two nations, and its water is to be shared equally between them.

President Khatami referred to the Friendship dam as a manifestation of solidarity and amity between Iran and Turkmenistan, according to reports from IRNA.