German development bank submits documents to Azerbaijan
Azerbaijan, Baku, Nov. 25 / Trend N. Ismayilova /
German development bank KfW has submitted the documents to the Azerbaijani government for approval. According to the documents, additional funds should be allocated within the project of restoring water and sewerage systems in Ganja and Sheki, KfW Baku office told Trend today.
The bank assessed the project in October during the mission's visit to Baku. The mission is headed by project manager Ursula Hister.
"After the visit, the mission has prepared all necessary documents and submitted to the government of the country," the office said. "After the documents are considered and approved, the bank will prepare the contracts to provide funds."
The bank is ready to allocate 83 million euros to continue operating to fully restore water and sewerage systems in two cities. About 23 million euro were approved by the German government in 2009, 40 million euro in 2010 and 20 million euro - in 2011.
The budget of the first phase of the project is 55 million euro. According to the agreements signed in Bern in October 2006, KfW allocated a loan worth 37 million euro, the Swiss State Secretariat for Economic Affairs Seco - 10 million euro as a grant to implement the project. The share of the Azerbaijani government in the project is 8 million euro.
The first phase of the project includes the measures to provide Sheki with water by 100 percent, Ganja - by 50 percent. Ganja's water supply system is planned to be developed within the second phase.