Azerbaijani President visits Oghuz

The Head of State attended the ceremony of laying down the foundation of Oghuz-Gabala-Baku water line. The President of "Azersu", contractor of the water line, Nizameddin Rzayev gave information to the President about the indicators of the line. According to him, construction period of the line is 420 days, cost AZN142m, length 267km, and power 5cu m per seconds.

The total cost of the project is AZN480m. Over 2 000 men will take part in the construction of the line that will be commissioned in 2008. Saying that the construction of this water line is great event, Azerbaijani President noted that in the first years of Azerbaijan's independence some projects were worked out, but the projects were not implemented because of lack of finance.

"It is very good that in the construction of this line the pipes made in the Sumgait Pipe Compressor Plant, which was founded last year, will be used," the President underlined.

Stressing that Azerbaijan is the leader country in the world according to its development indicators, the president said GDP was 26% in 2005, but 34% in 2006. He said that economic as well as energy security of the country has been insured.

"We already play a great role in energy supply of the neighbour countries," the President noted.

Commenting on the development of entrepreneurship, President Aliyev stated that the share of private sector in economy was 81% this year, APA reports.

Then having visited Heydar Aliyev's monument in Oghuz, Ilham Aliyev attended the opening ceremony of Heydar Aliyev's Museum. He visited "Afa" hotel that is not completed yet, and got acquainted with construction of Olympic complex and hospital and then he ended his visit to the region.