Bank Of Baku

Azerbaijani President issues order for acceleration of socio-economic development of Julfa and Kangarli regions

Azerbaijani President issues order for acceleration of socio-economic development of Julfa and Kangarli regions
# 02 September 2011 16:03 (UTC +04:00)
According to APA-Economics, AZN 5 (five) million was allocated from the Reserve Fund of the Azerbaijani President considered by the state budget 2011 to the Cabinet of Ministers of Nakhchivan Autonomous Republic for acceleration of socio-economic development of Julfa and Kangarli regions, AZN 2 (two) million for reconstruction of 57.6-km Cheshmabasar-Boyahmad road which covers 20 villages with 25 000 population, 39.2-km Nakhchivan-Sadarak highway which covers five villages with 12 000 population, as well as Tazakend-Chalkhangala-Gyvrag belt highway.

The Ministry of Finance was urged to provide finance which is considered by the presidential order.
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