Today in Baku opened a two-day exhibition and conference "Tunnelling and underground infrastructure of cities."
Speaking at the opening ceremony of the event, the Honorary President of the Association of tunnels and underground infrastructure in France (AFTES) Alan Balan said that Azerbaijan has great potential in the field of underground construction. He noted that France is interested in cooperation with Azerbaijan in the field of tunnel construction and provide technical capacity.
The head of the department of Baku Metro under construction Arif Rasulov said at the conference that the implementation of the state program of Metro 2025 an amount of 7.6 bn. The program plans to build a 84 km tunnel (168 km including two-way traffic). Rasulov said that the construction of 1 km tunnel costs about 110 million manat.
The work is financed by the state budget. In the future, in order to implement the program does not exclude the involvement of foreign investors, he said.
The conference is attended by about 300 people from the public and private institutions of various countries. - 08C-
Economics
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Uzbekneftegaz, the state oil and gas company of Uzbekistan, is close to concluding an agreement to acquire a stake in the Shah Deniz gas condensate project on the Azerbaijani shelf of the Caspian Sea, Minister of Investment, Industry and Trade of Uzbekistan Laziz Kudratov said at the II Azerbaijan-Uzbekistan Interregional Forum on May 21.
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In a step to bolster bilateral relations, Azerbaijan and Uzbekistan have signed a roadmap to prepare for the upcoming state visit of Azerbaijani President Ilham Aliyev to Uzbekistan, scheduled for August. The agreement was signed during the II Azerbaijan-Uzbekistan Interregional Business Forum held in Guba, Azerbaijan, by Azerbaijani Economy Minister Mikail Jabbarov and Uzbek Minister of Investment, Industry and Trade Laziz Kudratov.
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The Central Bank of Azerbaijan (CBA) has taken significant steps to ensure compliance with laws on combating illegal financing by imposing fines on two non-bank credit institutions, Finca Azerbaijan and PSG Finance, for violations of financial legislation. This action underscores the Central Bank's continued commitment to combating money laundering and terrorist financing in the country.
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The II Azerbaijan-Uzbekistan Interregional Forum commenced today in Guba, Azerbaijan, aiming to explore and expand cooperation across various sectors between the regions of the two countries. Organized by the Export and Investment Promotion Agency (AZPROMO) and supported by the Ministry of Economy of Azerbaijan and the Ministry of Investment, Industry, and Trade of Uzbekistan, this forum stands as a pivotal event for bolstering regional ties.
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