Water Supply System Improved in 4 Regional Centers
Four districts of Azerbaijan will improve their system of water supply and sanitation.
According to the company "Azersu" until the end of the year construction work will start in regional centers of Yevlakh, Barda, Naftalan and Gobustan. This is a part of the project "Water supply and sanitation in small towns", implemented by the local government with the Agency for International Cooperation (JBIC) in Japan.
According to director of JBIC for Central Asia and Caucasus, Tetsuya Yadmady at a meeting with Azersu leader Korkmaz Huseynov, already discussed the acceleration of the work and procedures, and implementation within the framework of the latest technologies.
The project has already started work in the cities Hyzy, Khachmaz and Gusar. Tender procedures for the selection of contractors to carry out similar work in Yevlakh, Barda, Gobustan and Naftalan is being finalized, construction will start immediately until the end of this year.
Overall, the project involves the reconstruction of the water supply and sanitation services in 10 cities. Other than those mentioned in the list of regional centers are Salyan, Shirvan and Neftchala.
Under the terms of the loan agreement, signed May 29, 2009, JBIC will provide for these works a loan of $ 400 million at 1.4% per annum for 30 years, including a 10-year grace period.
The funds, including equipment for water and wastewater treatment, as well as measures for fire fighting in general are used for the reconstruction of pumping stations, transmission lines and distribution networks in the regions, as well as the strengthening of material and technical base of water utility companies.
It is expected that the results of the project have a positive impact on the living conditions half a million. - 17D-
Economics
-
The Union of Chambers of Commerce and Industry (UCCI) of the Organization of Turkic States (OTS) held its General Assembly in Baku on December 26, highlighting dynamic economic growth and deepening integration among member states. Representing Azerbaijan and other OTS member states, business and government leaders discussed trade, investments, and regional connectivity projects.
-
Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
-
Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
-
The value of paid services provided to the population in Baku reached 6.94 billion manats in the first eleven months of 2024, reflecting a real-term increase of 9.2% compared to the same period in 2023, according to data from the Baku City Statistical Department.
Leave a review