In the first half of the year, transport workers mastered 62.48% of total investments, provided in the budget of Azerbaijan, and agreements with international financial institutions.
According to the Ministry of Transport, infrastructure improvements, road sector in January-June, amounted to 900.83 million manat. Till the end of December one billion 441.8 million manat should be spent for the improvement and maintenance of the road transport sector.
From the transport Fund, 111.2 million manat have been allocated from the budget for the repair of roads. Parliament provided transference of 180 million manat per year to the Fund by government agencies.
The "Baku city transport" and "Center of intellectual transport management" have already mastered AZN 2.5 million from the limit of 5.8 million manat.
In January-June, expenses for development and maintenance of roads of the republic totaled 855.4 million manta; 225.2 km of roads, including 58.5 km of roads of national significance, 166.7 km of local roads and six bridges, have been built. -17D-
Economics
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Simon Stiell, Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), highlighted the urgency of climate financing discussions ahead of his visit to the G20 summit in Rio de Janeiro from November 17-20. Stiell, speaking before departing from Baku where the 29th session of the UNFCCC is currently underway, underscored the pivotal nature of the negotiations taking place.
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The State Oil Company of Azerbaijan (SOCAR) is strengthening its presence in Bulgaria's gas distribution sector, aiming to capture 7.5% of the market by the end of 2024. Currently, SOCAR supplies half of Bulgaria's natural gas needs and plans to further increase its market share through strategic partnerships and expanded distribution.
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Azerbaijani state power company Azerenerji, SOCAR Trading, and Italy's Ansaldo Energia have signed a trilateral agreement on carbon credits, Azerenerji announced on Friday.
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The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
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