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SOFAZ to spend about $2.5 bn to investment projects next year

[ 07 October 2013 18:03 ]



Baku. Vahab Rzayev – APA-Economics. In 2014, State Oil Fund is forecasted to invest AZN 1,921.1 mln in investment projects of national importance.

According to the Ministry of Finance, the investment will concern the measures on the social problems of refugees and internally displaced persons, reconstruction of Samur-Absheron irrigation system, establishment of high-speed fiber-optic network allowing access to all residences, financing of Baku-Tbilisi-Kars railroad, as well as construction of TANAP, and etc.