BAKU, Azerbaijan, February 24. The European
Bank for Reconstruction and Development (EBRD) plans to implement
projects to improve water supply in Azerbaijan's Ganja and Shaki
cities, Senior Banker at EBRD, Real Hajiyev, said during a
roundtable discussion titled "Water Security in Azerbaijan:
Regulation, Risk, and Responsible Business Action," held in Baku,
Trend reports.
According to him, the overall investment for the project
underway in Ganja amounts to 410 million euros.
"The project will include the construction of water supply
systems, water collection and treatment facilities, and rainwater
management infrastructure. Financial documents for 35 million euro
have already been signed for the Ganja project, and an additional
120 million euro is expected to be finalized this year," he
explained.
According to Hajiyev, the EBRD is set to launch a project aimed
at enhancing water infrastructure in Shaki and its neighboring
villages. The total investment stands at around 95 million euros,
with 57 million euros earmarked for this year.
The bank representative emphasized that physical investments
must be accompanied by effective policies that encourage the
reduction of water loss, the treatment and reuse of wastewater, and
the rational use of available water resources. He pointed out that
the private sector should also contribute the necessary experience
and expertise.
Stay up-to-date with more news on Trend News
Agency's WhatsApp channel
