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Azerbaijan,United Kingdom : WB, AZERBAIJAN to ink contract on ISWMP.

For Integrated Solid Waste Management Project (ISWMP), the World Bank s extra Financing becomes more better.

WB resident office, Baku-based communicates that, on 10th January, in Baku the WB and the Government of Azerbaijan will be inking a loan agreement on ISWMP (AF).

"The agreement to be concluded with the Ministry of Economic Development will provide opportunities for the early spending of additional resources allocated by the Bank," the WB office said.

On 27 June 2013 on Washington time the World Bank Board of Executive Directors okayed for a $47.1 million loan to Azerbaijan as an extra financing for the Integrated Solid Waste Management Project. AF provided by the standards of IBRD.

And the over all cost of ISWMP (AF) is $55.6 million.

Further, AF will be paying affiliated with extra activities at the Balakhani landfill for the expansion of disposal capacity at the existing site as well as enlarge its life-time by up to 20 years.

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Publication:Mena Report
Geographic Code:9AZER
Date:Jan 9, 2014
Words:172
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