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
-
Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
-
Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
-
The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
-
The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
Leave a review