Over nine months of this year, the state has invested in nearly all areas of the transport sector, said Minister of Transport Ziya Mammadov on 10 October at the enlarged meeting of the Cabinet; his family has a large interest in the transport operations in the country.
Since the beginning of the year, 1.7 billion manta have been invested for the development of the transport sector, including modernization of road, rail infrastructure, construction of new metro stations, ferries and the purchase of airliners.
This year Azerbaijan Caspian Shipping Company purchased two ferries in Croatia. Public JSC "AZAL" delivered to the country two aircrafts "Boeing-767". The Minister also mentioned about a new contract with an American company, but did not specify details.
This year, 400 passenger buses and 1078 cars taxi, including 1,000 "London taxi" have been delivered to the country. A bus complex was put into operation in Yevlakh. The construction of the new bus stations in Ganja, Dashkesan and Horadiz continue.
Through a government grant of China, the country purchased 163 units of municipal engineering.
Regarding the development of road transport infrastructure, the minister said that since the beginning of the year, 362.8 km of roads, including 77.5 km of national importance have been repaired. Eleven bridges have been built.
The Minister gave a detailed information on the development of road infrastructure in the city of Baku, where since the beginning of the year 75 kilometers of road have been repaired,
and five pedestrian crossings have been built.
Local experts indicate a high level of corruption in the government, implemented in the transport sector projects, which are financed by the state budget. Transport Ministry did not disclose the amount of funds to finance specific projects. According to independent estimates, Azerbaijan is a leader in the world in the cost of construction of 1 km of main road, which ranges within 10 million manat. Three or four years ago, the estimated cost to commission was reported to the president, and it was reflected in the official media, now this information is not provided. 08D
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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