The World Bank plans to increase funding for the "Livable Baku" project from $410 million to $500 million, APA-Economics reports.
The total cost of the project amounts to $591.25 million, of which $91.25 million will be financed by the Azerbaijani government.
The project envisages the modernization of waste management infrastructure in Baku and Absheron, the rehabilitation of contaminated areas around Zigh, Khojasan and Boyukshor lakes, as well as the cleanup of oil-contaminated land.
The project's appraisal is expected to be completed by October 26, while approval by the World Bank's Board of Directors is scheduled for February 18, 2027.
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