TODAY.AZ / Business

“Shahdeniz” project raised 900 million dollars in price

05 July 2005 [09:56] - TODAY.AZ
The rise in prices of construction materials, equipments and transportation expenses cased the rise in price of “Shahdeniz” project.
According to the information from “bp” company, the volume of increase in the price of the project is 900 million dollars. The implementation of the project which was evaluated 3.2 billion dollars on the initial stage will cost 4.1 billion dollars now.

The rise in price was caused by other factors such as design changes in the project, low rate of exchange of dollars in the world markets. It must be noted that, 2.4 billion dollars have been spent for the implementation of the project so far.

/APA/

URL: http://www.today.az/news/business/19840.html

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