TODAY.AZ / Business

SECO to allocate 10 million euros of grant for improvement of water supply systems of Ganja and Sheki

14 January 2006 [03:08] - TODAY.AZ

The State Secretariat for Economic Affairs of Switzerland (SECO) adopted a decision to lend 10 million euros of grant to the government of Azerbaijan for implementation of the project of improvement of the water supply systems of Ganja and Sheki cities. APA was informed about it by the SECO deputy-director to the region Tomas Meyer.

According to the words of T.Meyer, the goal in the project to be carried out for 3 years is to support establishment of private companies acting in the water supply network in Azerbaijan and to improve this network in general. It should be noted that the KWF Bank of Germany also granted 50 million euros of credit to our republic for implementation of the project mentioned above.

URL: http://www.today.az/news/business/22056.html

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