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Azersu Announces Terms for Reconstruction of Water System in Ganja and Shaki Regions

Business Materials 14 July 2007 11:25 (UTC +04:00)

Azerbaijan, Baku / Trend corr. I.Khalilova / 'Azersu' joint stock company has reported the company is planning the reconstruction of water systems in Azerbaijani Ganja and Shaki regions in January- February 2008. Presently, the company selects designer and consultant for implementation technique watchdog over the project. The project envisages reconstruction of water system and creation daughter on the base of share 'Ganja water channel' and 'Shaki water channel' companies. Local executive bodies will be appointed for ruling the company. Presently, including of municipalities to the director Council of water system is considering.

The fee for first stage of the project, considered for 3, 5-4 years, agreed by € 54,6mln, € 37mln will be allocated by the German reconstruction bank (KfW), €10mln the Switzerland State Economic Communication Organization (SECO), and € 7,6mln by the Azerbaijani Government.

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