WB observation mission to visit Baku
Azerbaijan, Baku, June 2 / Trend N.Ismayilova /
The World Bank (WB) mission on real estate registration project, headed by project manager Gavin Adlington will visit Azerbaijan in June, the WB Baku Office said today.
The mission is expository in nature and will last from June 8 to June 16.
The Azerbaijani government and WB signed an agreement on the joint introduction of a unified cadastre of real estate in July 2007. The project consists of four components: registration of property, management and register of state property, base cartography and land cadastre, trainings, forming of policy and management of project.
The registration system of property transactions will be automated in each of the 21 registration office. The project includes 21 office of the state service on registry of immovable property and will cover 60 offices of the State Committee for Management of State Property. The system will not involve forests, wetlands and natural habitats.
Cost of the project hits $38.57 million; $30 million falls on loan of WB. Loan resources were allocated for 20 years under 5-year preferential period.
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