Bank Of Baku

Roland Kobia: “The possible change in the value of “Nabucco” project will not effect on its realization”

Roland Kobia: “The possible change in the value of “Nabucco” project will not effect on its realization”
# 12 May 2011 14:38 (UTC +04:00)
He said that he was unaware of the project’s funding, and only the Nabucco consortium knows that. “The project’s cost was figured out several years ago, and it can be estimated again on the basis of present economic context, current prices of steel, labor of workers. I don’t have any information on their price, there is no any figure”.

Responding the question on Azerbaijan’s cooperation with the European Investment Bank, the ambassador said that this organization is conducting negotiations with the government over its permanent operation in Azerbaijan. “There are several large projects we plan to implement in Azerbaijan. The European Investment Bank is the important part of these projects”.
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