BAKU, Azerbaijan, Feb. 6
By Matanat Nasibova - Trend:
Azerbaijan’s State Housing Development Agency (MIDA), plans to build residential complexes in Azerbaijani cities and districts as part of implementing construction projects, spokesperson for MIDA Maryam Nabiyeva told Trend.
This includes construction of a new residential complex in Sumgayit city, Nabiyeva said.
“There are plans to begin construction of residential buildings in Sumgayit this year on the territory of 0.76 hectares,” the spokesperson noted. “As part of the project, it is planned to build two buildings with a total of 144 apartments. The design is being completed. The construction project also provides for the creation of social infrastructure.”
“It is planned to build a kindergarten, a shopping center and other objects of social significance in this territory,” said the spokesperson.
MIDA implements all projects on the basis of the “Strategic Roadmap for the Development of Affordable Housing Provision in Azerbaijan.” According to this document, it is necessary to minimize public funding and attract private construction and investment companies to cooperation.
To date, the volume of private investments as part of public-private partnership projects has amounted to $46.8 million. At the same time, within the projects, the construction of multi-apartment buildings, communication infrastructure and a shopping center was carried out.