Azerbaijan, Baku, November 18 / Trend, E. Ismailov /
There was held the final meting on KOICA Project envisioning composition of a feasibility study of construction of a bridge across the Baku Bay, KOICA reported on Friday. The meeting was held yesterday at the Office of the Transport Ministry of Azerbaijan.
The feasibility study was composed at the price of $1.6 million grant assigned by KOICA. The feasibility study had been drafted by Korea's |Dongsung Engineering, Chungsuk Engineering and Dodam E&C since July 2010. The drafted document includes basic concepts and directions of construction, particularly, such technical aspects as designing standards, results of engineering-geological researches, route planning, etc.
The Korean specialists offered a BOT - Building-Operation-Transfer - construction method. In addition, they stressed the importance of public private partnership.
The Korean Agency for International Cooperation (KOICA) is the state body of the Republic of Korea. KOICA has 43 representative offices in partner countries.
The bridge is preliminarily valued at $1.8 billion.