In the near future the Azerbaijani government intends to increase state-owned share in the projects to 49%, the Ministry of Finances told Trend.
Earlier due to limited opportunities the stake in every project comprised from 5% to 10% of the total cost, while gradually the correlation changes and in some project was increased even to 20%.
The similar resolution was linked with increase of internal resources of the country, due to which the Azerbaijani government intends to borrow more funds. First of all it is necessary
To increase of state-owned share in the international credits attracted under state guarantees.
Moreover, the government is eager to carry out many project at own expense. The Azerbaijani government has already taken a resolution on approval of 310m euros for the construction of module stations in 2006.
In general, the government intends to reconsider the structure of foreign debts. The general strategy is not to view the foreign debts lightly and prior to attracting funds only for strategically important projects, in particular infrastructure.
The country is not going to refuse form them fully, the benefit of the foreign credits is that the international tender are announced and the international financial institutes are interested in the application of best experience.