JBIC to Discuss Expansion of Water Supply Baku

Business Materials 25 April 2007 11:29 (UTC +04:00)

Azerbaijan, Baku / corr Trend I.Khalilova / The possibility of expanding a list of towns within the framework of a project to improve the water supply and sewerage system in Azerbaijan will be considered during the next visit in May of the Japanese Bank for International Cooperation (JBIC) mission to Baku. The Azerbaijan government reported that within the initial stage, the project will include 6 districts, Alibayramly, Neftchala, Shemakha, Barda, Khachmaz and Salyan.

Tokio Engineering/ASPI consortium held a pilot estimation of the project. As a result of research the project was estimated at $70mln. JBIC's plans include the conduct of general detailing of the project, which is expected to include new regions. A new consulting company will be assigned through advertising of a tender.

The bank required an initial estimation for possible risks relating to investments and approximate amount of capital expenses.

During the initial stage of talks, the government requested JBIC to expand the project, which was opposed by the bank. The government confirmed its readiness to borrow $150mln.