German government to grant 1.2 million euros to Azerbaijan

According to the information given to APA from Germany Reconstruction Bank representation in Baku, the allocations will be in the form of grant.

The objective of the financing is to draw up projects. “These allocations will be included into the foundation established for the specialists on the purpose of basing the projects technically and economically. So, the allocations in credit form are used for the implementation of the projects concretely, any additional measures are excluded”.

Measures on the implementation of a number of projects, especially project on establishing land-survey are planned by the account of 1 million 185 thousand euros.

The analogy 1.5 million euros were granted to Azerbaijan before. Some part of the grant was spent on working out technical-economical base of the restoration of water supply and sewerage system in Sheki and Ganja, financing legal advice office on matter of establishment of insurance fund of deposits.