Azerbaijan to allocate 10mln manat to construct stock-breeding complexes
Azerbaijan, Baku, Apr. 16 / Trend I.Khalilova /
The tender commission of the National Fund for Entrepreneurship Support (NFES) selected three investment projects to construct stock-breeding complexes for bulls or dairy cows, NFES Executive Director Shirzad Abdullayev said.
The commission selected Hagijamalxan, Atropatena and Garainek.
The total cost of the three projects is 33 million manat. NFES will fund 9.7 million manat through concessional loans.
The investment competition required: the establishment of a bull-breeding complex for dairy cattle (at least 100 head); the area to construct the production facility must have top infrastructure; and a livestock complex equipped with technology meeting international standards.
The Azerbaijan Investment Company or its subsidiaries may also finance investment projects on the basis of a party agreement.