On Tuesday the Baku State Planning Institute presented "the zoning plan and the use of the territory of Baku" (Master Plan). In accordance with this project, Baku and Absheron are divided into nine zones: South, North, East, Central, and five peripheral. Each area will have its own center. The plan covers an area of 248,000 hectares.
The implementation of the General Plan is provided until 2035, and is estimated at an astronomical sum - to 283.97 billion manats. The source of these funds has not been specified. The plan provides that by 2035 year the housing area of the capital will amount 97,780,000 square meters.
Director of the Baku State Institute of Planning Ilgar Isbatov said that in connection with the project, 122.000 buildings in Baku will be demolished or transferred.
"Demolition of the buildings will be everywhere, in the whole territory of the capital," he said.
Isbatov said that "over time" can be demolished "Khrushchevka," but first and foremost will be demolished 1-2 storey buildings. Master plan envisages the construction of the second ring road, which will connect the highway Baku-Sumgayit.
Construction of the ring road is planned in the northern planning area, the center of the village which will be a settlement of Mashtaga. With regard Mashtagi settlement is provided the implementation of the concept "Silent City," said Isbatov, without explaining what it means. At the same time, it is planned to create in Apsheron agricultural projects and the preservation of land for agricultural needs.
As part of the southern zone is proposed the formation in the village of Alat a "Smart City", the transport hub, as well as the creation of new specialized university for business management, he said, also explaining that means "Smart City." Master plan involves the formation in Alat settlement of the regional center with 200,000 people.
In addition, with the development of agriculture and agro it proposes the creation of campuses in Mardakan settlement and Hovsan. The General Plan also provides for the establishment in the village of Alat new passenger airport. Isbatov explained it as a necessity due to the development of tourism, in Alat creating a free trade zone. -71D-
Economics
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Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
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The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
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At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
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This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
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