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Azerbaijan : Azerbaijan annuls a construction tender on ADB largest project.

Asian Development Bank s Multi-Tranche Financing Facility on Water Supply & Sanitation Improvement Program for Azerbaijan has encountered problems with its realization. The Azerbaijani government informs that a decision to cancel the tender procedure for construction contractor on MFF in Geychay city was taken.

MFF approved by the ADB last September was expanded from the valid project on modernization of water supply and sewage systems of Azerbaijani small cities. The agreement on the first tranche was signed in Baku on 17 December 2009 and put into force on 17 February 2010.

Earlier the Bank the first contract for the MFF first tranche was awarded this May and the issue of contract on Geychay is under consideration. Technical proposals for potential consultant on Azerbaijani Melioration & Water Industry Company were to be subjected to assessment in August 2010.

This May within the framework of the ADB mission of Mathew Westfall, the director of the Bank s Urban Infrastructure Department, the sides covered issues of fastening the first stage of the Facility. Transfer to the second stage of MFF depends on progress in this direction.

Earlier the ADB Board of Directors planned to consider and approve the second tranche of MFF on 25 April 2010, but that has not happened yet. The size of Bank s loan on this tranche will total $350 million. Initially ADB approved $600 million for MFF budget and the first tranche of $75 million. And $175 million of the balance will be financed at the third stage of the program.

Within the MFF first tranche framework the focus will be made on completion of work in Geychay city and certain works in Nakhchivan city. Within the second tranche the focus will be made on Nakhchivan and Agdash with coverage of three new cities. The ADB Board of Directors approved $600 million for MFF budget. Extra $200 million will be provided by Azerbaijan.

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Date:Jul 26, 2010
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