TODAY.AZ / Business

World Bank allocates Azerbaijan $17 mln for national park

19 May 2007 [08:52] - TODAY.AZ
The World Bank said Friday it had allocated $17 million for Azerbaijan to create the largest national park in the south Caucasus.

The creation of the Shakhdag national park in northern Azerbaijan, on the border with Russia and Georgia, will help address ecological issues and build a tourist infrastructure in the region, said Agi Kiss, a World Bank manager.

Grigory Yedzheichak, the World Bank director for Azerbaijan, said the World Bank had allocated a $17 mln loan and $8 mln grant for the national park's creation, while the government of Japan has provided $8 million as a grant for the project implementation. RIA Novosti


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