Azerbaijan, Baku / corr, Trend I.Khalilova / The Executive Director of Azerbaijan Investment Company JSC, Anar Akhundov, said that the Company has selected American Nexand to assess the project on construction of the new oil terminal and port in Garadagh district of Azerbaijan.
Nexand will complete the assessment of the project and its prospects and efficiency in May 2007. "In parallel, we will seek investments for the construction of the terminal and port. The credit sources may be involved from the international financial institutions, foreign banks or syndicates of banks," Akhundov said.
According to him, international organizations and foreign companies take an interest in this project, but more available proposals will be chosen.
The Investment Company has signed a protocol on intentions with Kafkaztransservis Company. According to the Agreement, the Company will devise large business-plan.
Initially the construction of the terminal and port is estimated at $90 mln. Azerbaijan Investment Company's participation share is expected at the level of 20-25%.