...

WB Board of Directors to confirm water project at beginning of 2007

Business Materials 3 August 2006 11:15 (UTC +04:00)

The program for upgrade of water supply and sewerage systems in small cities of Azerbaijan will be presented to the confirmation of the Board of Directors of the World Bank (WB) at the beginning of 2007, Peter Thompson, the director of energy and infrastructure sector of WB Infrastructure Department for European and Central Asian countries, told on August 2 at a news conference.

We are preparing a program in this direction, Thompson said. The Bank considers two variants of participation: common sector approach that allows removing emptiness in this sector and reach it to certain standards, or selection of several regions of the country.

It will be the second project of WB in upgrade of water supply system in Azerbaijan. The first program was Water supply of Big Baku.

According to the information received from a government source, WB expressed its readiness to disburse $150 mln credit for the realization of the project.

Latest

Latest