"Crossing" underground with a construction company experts find unreasonable (UPDATED)

Creating CJSC Baku Metro is perceived ambiguously. "Crossing" the underground with a construction company is considered as unreasonable and a step is promoting corruption.

The Chairman of Public Association Promoting Economic Initiatives (PEI) Azer Mehdiyev believes that the adjustment of the legal form of Baku Metro management meets modern requirements management and should contribute to its transparency and accountability. However, the creation of a joint stock company by the union underground now on the tunnel construction is not up to the principles of eliminating conflicts of interest and risk management , primarily related to corruption . "The new structure will actually be a giant to serve customer Metrostroi , artist of these projects , as well as operating underground , which is unacceptable ," the economist said .

In addition, the Chairman of PEI believes that the distribution of management functions CJSC Baku Metro between various state agencies can lead to difficulties in its activities. According to Mehdiyev, the Supervisory Board of JSC must be ensured public participation, to increase transparency. Metro is the most widespread type of urban transport after buses. In 2013, it made ??use of the 206.7 million people, or 5.6 % more than in the previous year. Underground economic activity is subsidized from the state budget.

In 2013, the Cabinet approved the charter capital of Baku Metro at 484 million 143 thousand 819.33 manats. But since 2000 JSC Azertunelmetritikinti has not had share capital.

In March 2011 presidential decree was approved by the State Program for Development of Baku Metro in 2011-2015. Also adopted was the concept of development of subway lines by 2030. The document envisages the expansion of the network of stations from 23 to 76 with total length of 119 km. Currently under construction are three and designed are five stations.

JSC Azertunelmetritikinti employs not only the construction of new metro stations, but other objects of special construction. Its structure consists of three construction departments, a design institute, a concrete plant and 6 commercial organizations.

The total number of employees of the new Company will be approximately 5,500 people . - 08B-
 

2014 February 27 (Thursday) 14:47:40

Ilham Aliyev appointed Zaur Huseynov chairman of JSC Baku Metro.
The new company is the successor of the Baku Metro and JSC Azertunnelstroy. Their property, rights, and liabilities are transferred to the new company .
It also the successor of the abolished agencies.
The powers of the general meeting of shareholders are entrusted to the Cabinet.
The company's chairman and his deputies are appointed and dismissed by the President of Azerbaijan, who also addresses the issue of reorganization and liquidation of the structure.
Thus, Taghi Ahmedov will no longer be the face of the Baku Metro. -16D-