Azerbaijan, Oguz / corr. Trend A.Ismaylova / The President of Azerbaijan, Ilham Aliyev, participated in the launching ceremony of the water pipeline Oguz-Gabala-Baku ordered by Azersu OSC. The cost of the project is nearly $142 mln.
Azersu has signed a contract with the Alliance Turan Hazinedaroglu/Tekser Inshaat Sanayi/Gence Korpu Tikinti 2 with regards to the projection and construction of the water pipeline Oguz-Gabala-Baku. The gross cost of the project was estimated at AZN 480 mln in 2006. In 2007 the State Oil Fund of Azerbaijan will allocate AZN 183.62 mln for the project. The cost of the construction work is estimated at $142.1 mln and the period of implementation of the project is 14 months.
In 2006 AZN 82.7 mln had been spent on the realization of the project, including AZN 2.4 mln on the preparation of a feasibility study and initial project documents of CES Consulting Engineers Company and AZN 82.3 mln of Azkompozit in December 2006.
The underground water reserves of this zone equal to more than 15 cu.m per second. The quality of water is high and corresponds to international standards. The water pipeline will go from the water reservoir in Oguz-Gabala via the territory of Charkhana-Goychay-Agsu-Udullu and will be 260 km long.