The State Committee for Urban Planning and Architecture (SCCA) rejected the project of the Ministry of Transport, involved the construction of 17-kilometer-long bridge across Baku Bay. Instead, under the bay a more functional tunnel will be built. This was said at the 34th session of the CIS Intergovernmental Council for Construction and Building Activities by the SCCA Chairman Abbas Alasgarov.
He noted that the proposed bridge would spoil the panorama of Baku. Note that in June this year, the Ministry of Transport has announced the completion of the draft of the bridge, which would cost about $ 1.8 billion.
The project, developed by Korean experts, was presented for consideration and approval of the Cabinet of Ministers of Azerbaijan. The toll bridge had to be built from the village Bayil across the sea to the Cape Zych.
The Transport Ministry did not comment on the statement of SCCA. - 08B-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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