Azerbaijan finances construction of 22 cooling warehouses on favorable terms

Business Materials 21 September 2010 17:55 (UTC +04:00)

Azerbaijan, Baku, Sept.21 / Trend A.Akhundov /

So far, the National Fund for Entrepreneurship Support (NFES) under the Ministry of Economic Development of Azerbaijan has funded the construction of 22 cooling storage warehouses for the storage and sale of fruits, vegetables and other food products with a total capacity of 69,000 tons, the Fund's Executive Director Shirzad Abdullayev said today.

"Ten of them already are in operation. The process of installing high-tech equipment is underway in other ten complexes, and by late October they will be transferred to farmers for exploitation," Abdullayev said.

According to him, two warehouses will begin to operate in the first half of 2011 as they were financed in the first half of 2010.

Abdullayev said that the Fund plans to finance such projects in the future too.