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WB to provide additional funding for second water project in Azerbaijan

Business Materials 3 December 2013 14:50 (UTC +04:00)

Baku, Azerbaijan, Dec.3/
Abbas Akhundov - Trend:

The World Bank (WB) plans to submit to the Board of Directors a project for additional funding for a second project in the water sector in Azerbaijan until late May, the head of Bank's Baku office Larisa Leshchenko told Trend on Dec.3.

The amount of additional funding to be provided in the second half of the year, has not yet been determined, Leshchenko said.

As it was reported earlier, the World Bank has received a request from the government for $100 million for the project.

The World Bank is implementing two 'National Water Supply and Sanitation' projects in Azerbaijan. The WB's first water project includes the complete restoration of water supply and sanitation in Shamakhi, Gabala, Saatli and Sabirabad districts. The second project covers works in Siyazan, Shabran, Agsu, Ismayilli, Masalli, Lerik, Yardimli and Jalilabad dictricts.
"The works are carried out in 12 districts. According to the plan, by late 2013 the new water systems should operate in the five districts of the country," the Bank said.
The World Bank allocated a total of $490 million for these works, some $ 230 million of them were allocated as a part of the first project (with its total value of $310 million), and $260 million were allocated within the second project ($410 million).

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