Bank Of Baku

ADB to review loan for Azerbaijan Urban Water Supply and Sanitation

ADB to review loan for Azerbaijan Urban Water Supply and Sanitation
# 05 June 2009 09:47 (UTC +04:00)
Baku. Nijat Mustafayev - APA-Economics. The Asian Development Bank Board of Directors is due to consider the issue of extending a loan for the Urban Water Supply and Sanitation Project, part of the Multitranche Financing Facility on September 24.

The ADB Office in Baku said the Board is expected to approve $75 million for the first phase of the project which envisions provision of safe, reliable, and sustainable water supply and sanitation (WSS) services in Agdash and Goychay, and provision of improved WSS services in Nakhchivan.

The second phase covers Balakan, Agdjabedi, Beylagan and the third phase - the peri-urban areas surrounding Baku, and other developing urban centers.

Earlier, the ADB allocated a 30 million loan toward the cost of the Urban Water Supply and Sanitation Project and the proceeds of the loan would be used for payments for goods, works, related services and consulting services to be procured under this project.
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THE OPERATION IS BEING PERFORMED