Azerbaijan's Economic Development Ministry is appraising the cost of the State Investment Programme for 2007-2010 at 10 bln. AZN, Heydar Babayev, Azerbaijan Economic Development Minister said during the today's discussion of the Statement 2007, Trend reports.
According to him, 75% of all the means considered for its implementation are expected to be sent at the expense of the State Budget, the rest at the expense of foreign creditors.
According to the macroeconomic forecasts, in 2007-2010, internal funds of over 4 bln, AZN, and foreign ones at a volume of 2.4 bln. are expected to be sent to the implementation of infrastructure development projects in the country.
Some 974.6 mln. AZN of internal investments (and about 15 mln. AZN foreign investments) are expected to be sent to the implementation of socially important projects till 2011.
In addition, about 8.2 mln. AZN expected to be sent to the implementation of institutionary projects in this period.
Samir Sharifov, Azerbaijan Finance Minister, told about investment projects which will be financed in the next year from the State Budget. 12 mln. AZN are expected to be sent to Zarifa Aliyeva Ophthalmology Centre, 18.7 mln. AZN to the reconstruction of the Heydar Aliyev Sports and Concert Complex and other culture objects in the country, 272 mln. AZN on road construction and repair work of the existing highways in the country, 52 mln. AZN - on the improvement of the water supply system in the country, 70 mln. AZN on the reclamation projects, 24.3 mln. AZn on the gasification in the country, 180 mln. AZN on the improvement of the electrify supply network of the country, 25 mln. AZN on the completion of the reconstruction works in the airports in Lankaran and Zagatala, 38.4 mln. AZN on the building new lines of the metro, as well as buying new passenger cars and equipment for this transport, and 66.8 mln. AZN on the construction of the historical monuments and accomplishment of the capital.
According to Mr. Sharifov, due to the construction of new highways, as well as repair works on the existing ones, Highways Fund was formed under the State Budget of the Country.