Azerbaijan, Baku, July 9 / Trend , U.Ismaylova /
The State Committee for Land and Cartography of Azerbaijan does not consider it appropriate to seek additional funds for the Registration of Real Estate Project realized jointly with the World Bank, said the Head of the State Committee Garib Mammadov. Of the total project cost at $38.57 million, $15 million was allocated to the State Committee for Land and Cartography of Azerbaijan for geodesy, mapping, ortho-photo survey, and issues with the establishment of land cadastre.
"According to the conditions of the project, all work on the development of ortho-photo maps of the territory of Azerbaijan will be completed in 2013," said Mammadov.
In July 2007 the Government of Azerbaijan and the WB signed an agreement on the joint introduction of a single cadastre of real estate. The project consists of four components - registration of real estate; management and register of state property; basic cartography and land cadastre; training, policy formation and project management. The cost of the project is $38.57 million, of which the share of World Bank loan accounts for $30 million. Credit resources are allocated for a period of 20 years with grace period of five years.