Azerbaijan, Baku, March 11 /Trend A.Akhundov/
The government of Azerbaijan is going to sign a credit agreement with the Asian Development Bank (ADB) on the third tranche of 'the investment programme on water supply and sewage system' financed by the bank and the government of the country, according to the report of the government on the 2012 results.
'Negotiations on signing the credit agreement have already started', the report says.
It is scheduled to implement work on the reconstruction of water supply and sewage systems in the town of Aghjabadi. All necessary construction documents have been prepared.
The total cost of the investment programme being financed by a Multiannual Financial Framework (MFF), is $600 million.
The first credit from MFF amounting to $75 million was assigned for the reconstruction of the systems in Goychay and Nakhchivan and the second tranche to the sum of $300 million for reconstruction works in Aghdash, Beylagan, Goychay and Nakhchivan. The bank is going to approve the third tranche worth $100 million.
Taking into consideration incremental investments supported by the strategy and the programme of reforms in the area of water supply and sewage system, MFF has become the basis for an eight-year co-operation between ADB and the government of Azerbaijan.