Azerbaijan, Baku, November 14 / Trend, A. Akhundov /
The Transport Ministry of Azerbaijan invites private sector to partake in construction of underground parking lots in Baku, Ziya Mammadov, Transport Minister of Azerbaijan, told journalists on Monday.
"We invite all persons concerned to meet us to discuss matters (on construction of parking lots) within the competence of our ministry," the Minister said.
The studies the Ministry conducted revealed the need of building about 100 underground parking lots in Baku.
As reported earlier, large parking lots will be opened at the city's all entrances: near to subway station Meshedi Azizbekov, Baku Bus Station, Azneft Square, Zykh side entrance, and subway station Halglar Dostlugu.
The projects of construction of parking lots may have different sources of financing, including state budget assets, loans by international financial organizations such as the World Bank and the Asian Development Bank, and private sector's money.
Currently, there is drafted a Baku urban transport development investment program, under which the Asian Development Bank (ADB) plans to assign a loan of $300 million. The ADB will be prepared to disburse the first tranche of the loan in 2013.