Azerbaijan, Baku, July 9 /Trend A.Akhundov/
State Real Estate Register Service of the State Committee for Property Affairs of Azerbaijan will complete real estate cadastre in two districts of Baku within one year, the committee told Trend on Monday.
"In one year we plan to create real estate cadastre in two districts of Baku - Sabunchu and Surakhani. In general, during the year we will complete work on a digital topographic map of Baku," the committee told.
Currently evaluation of the proposals of bidders for an electronic database of real estate cadastre is held for the compilation of a digital cadastral map.
Real estate cadastre in Sumgait will be completed in October, the committee said.
The Azerbaijani government and the World Bank signed a memorandum on the joint construction of a unified real estate cadastre in the country in July 2007.
The project comprises of four components - registration of real estate; management and registration of the real estate; base cartography and land cadastre; trainings, formation of policy and management of the project. The total cost of the project comprises $38.57mln, with $30mln-worth credit to be allotted by the WB. The loan is allocated for the term of 20 years with the grace period of 5 years.