IDB to review big water project in Azerbaijan

Business Materials 7 November 2017 17:29 (UTC +04:00)

Baku, Azerbaijan, Nov. 7

By Anvar Mammadov – Trend:

The mission of the Islamic Development Bank (IDB) is expected to visit Azerbaijan next week, the IDB’s Baku office told Trend Nov. 7.

According to the IDB’s office, the composition of the delegation is being clarified.

"We expect the IDB review mission to visit Azerbaijan on November 14, but this date is not exact," the IDB’s office said. “The mission will arrive to review the project for the support of the "National Water Supply and Sanitation" program being implemented by Azersu OJSC, the national water operator of Azerbaijan.”

In September 2011 the Islamic Development Bank approved the allocation of $200 million for Azerbaijan to improve the water supply and sewerage system in six districts of the country.

The total cost of the project in accordance with the feasibility study is $270 million, which is planned to be spent for the restoration of the water supply and sewerage system in Astara, Dashkasan, Tartar, Gadabay, Samukh and Gazakh districts.

After the implementation of this project, 320,000 people in six districts will be constantly provided with drinking water. To carry out the work in the shortest time, Azersu OJSC carried out design work at the expense of the Azerbaijani government in Astara, Dashkasan, Tartar, Gadabay, Samukh and Gazakh districts by obtaining the IDB permission without waiting for the loan.

Azerbaijan joined the Islamic Development Bank in 1992. During this period, the bank's portfolio amounted to about $1.2 billion.