German bank allocates over $320M more to Azerbaijan

Business Materials 16 September 2014 11:11 (UTC +04:00)
Azerbaijani government is in talks with the KfW Development Bank of Germany for the provision of additional 250 million euros (over $320 million) loans,
German bank allocates over $320M more to Azerbaijan

Baku, Azerbaijan, Sept. 16


Azerbaijani government is in talks with the KfW Development Bank of Germany for the provision of additional 250 million euros (over $320 million) loans, Deputy Prime Minister of Azerbaijan Abid Sharifov said Sept. 15.

(The exchange rate for Sept. 16 is $1/0.772782 EUR.)

Sharifov made the remarks in the city of Ganja at the opening of the Goygol-Ganja main water pipeline, built as part of the 'Open Program of Public Infrastructure,' financed by the KfW and the Swiss State Secretariat for Economic Affairs (SECO).

"Throughout the cooperation period, since 1994 the German bank has allocated loans totalling 241.4 million euros for various projects in Azerbaijan," Sharifov said. "These funds were directed at various sectors of the economy, including the restoration of water supply and sanitation systems."

He said the reconstruction of the water supply and sanitation systems is a priority, and similar projects are being implemented in 38 cities and regional centers under the instruction of Azerbaijani president with the support of international financial organizations, including the KfW.

Various works were carried out to at the Goygol water source to supply the consumers in Ganja with drinking water and improve sanitation services there, according to Teyyub Jabbarov, the first deputy chairman of Azersu, an organization engaged in drinking water supplies and sanitation services in Azerbaijan.

He said these works included restoration of a drainage system, construction of a reservoir and a pipeline, which was constructed from the Goygol source to Ganja using the pipes with a diameter of 500 meters.

"Ganja city's problem with water supply and sewerage services will be completely solved for the next few years," Jabbarov said.

Taking into account the relief, long-term development of Ganja city and the needs of the population, three water sources, namely, the drainage systems of Goygol and Gyzylgaya, as well as Shemkirchay reservoir were chosen to provide the city with water.

Other source Gyzylgaya providing the city with water was also restored. A reservoir with a capacity of 2,000 cubic meters and water lines with a length of 9.5 kilometers were built. Moreover, the construction of new reservoirs with a total volume of 10,000 cubic meters is under completion.

Around 60 percent of the needs of Ganja city in drinking water will be ensured via the Shemkirchay reservoir. The main water pipe with a length of 27.5 kilometers is being constructed. The water from the reservoir will be supplied to a purification unit on the territory of Gyzylgaya.

Moreover, smart card water meters were installed in multi-storey residential buildings of Ganja. Around 7,000 meters were installed in 119 buildings, Jabbarov said.

The project for the reconstruction of water supply and sewerage system in Ganja till 2035 is designed to provide 450,000 residents with drinking water.

Edited by C.S.