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Japan`s EBARA`s Experts in Baku

Business Materials 10 October 2006 17:30 (UTC +04:00)

A technical mission of Japan`s EBARA has arrived in Baku to discuss issues within a technical and economic project on construction of a garbage reprocessing plant in the country with the Government of Azerbaijan. According to a source in the Government, they are expected to hold negotiations with the corresponding bodies and departments of the country, Trend reports.

An interdepartmental working group representing by specialists of Azerbaijan`s Ecology and Natural Resources Ministry, Economic Development Ministry, Baku City Executive Power has prepared a requirements specifications to work out the feasibility study of the project.

The Government thinks that Р'the feasibility study should be several alternatives with specifying the economic expediency of the construction of one plant with a huge capacity, or several plants with a lesser capacity in different areas of Baku. They are likely to be located in Balakhani, Surakhani, Garadagh District, or nearby the highway between Baku and Sumgayit.

The value of the project is preliminarily estimated at в'¬350 m., в'¬50 m. out of them are expected to be granted by EBRD. The Government is about to attract $150 m. on the solid wastes plant`s construction from foreign borrowings. That was reflected in the limit on foreign credits against a security of the Government.

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