 | WB to fund 3rd stage of Mil-Mughan collector construction |
The second stage in construction of the Mil-Mughan collector has completed, chairman of the state committee for melioration and water economy Ahmad Ahmadzadeh told a news conference at the Yeni Azerbaijan Party HQs Friday.
The $9.4 million credit provided by the Islamic Development Bank (IDB) has been spent on construction of a 52.7km section of the collector. The third stage is to be funded by the WB, which has already allocated a $18 million credit to Azerbaijan.
Both WB and IDB credits have been provided with yearly interest rate of 0.75% for 30 years and repayment to commence in 7 years.*
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Issue: April, 6, 2001
POLITICS
Observers pessimistic
ECONOMICS90,000 entries on State Property Ministry’s registerRefinery voids tender resultsWB to fund 3rd stage of Mil-Mughan collector constructionElectricity grids concession tender expectedDispute over Samur canal still unresolvedGUUAM chambers of commerce to meet in BakuBaku, Moscow inter-bank exchanges share experience
SCIENCEIranian Turkologist shares discoveries with Azeri scholars
SPORTEuropean Olympic Committee Executive Body meets in Baku
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