Infrastructure projects spend AZN 694mln in Azerbaijan

Infrastructure projects spend AZN 694mln in Azerbaijan
# 23 January 2007 14:30 (UTC +04:00)
Azerbaijan allocated AZN 694 million to finance infrastructure projects in 2006.
The Finance Minister, Samir Sharifov, told a government annual meeting that turnover of goods and passengers increased through improvement of infrastructure. Water supply system and transport infrastructure were further improved,� he said.
Repair of 800km roads and start of the construction of crossings and tunnels in Baku spent $162 million last year.
He said AZN 881mln from the state budget, AZN 395mln from State Oil Fund, US $480mln secured loan from abroad were directed to the economy in 2006. This figure is a 3.4 times up from last year. /APA/
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