Azerpocht Signed Contract with Consultation Company for Project Development of Financial Services
The State Enterprise Azerpocht functioning under the Ministry of Communication and Information Technology of Azerbaijan signed a contract with the consultation company FACP under the project Development of the Financial Services realized in co-operation with the World Bank, Trend reports with reference to the same Ministry. The primary goal of the project is to modernize the postal networks of the country.
According to the contract the company will begin its activities this week, including providing consultative services during the realization of the project.
The project is realized within the framework of the State Program on Development of Communication and Information Technology in Azerbaijan in 2005 to 2008. The cost of the project is estimated at $17.5 mln, with $12.25 mln at the expense of the WB and the remaining part by the Government of Azerbaijan.
Azerpocht will receive a corresponding status from the National Bank of Azerbaijan to put it into practice. The Enterprise will enter the National Payment System. The enterprise aims for the services to be available in the capital this year.