TODAY.AZ / Business

Saudi Arabia issues loan to Azerbaijan to up expand water supply, sewerage system

03 July 2009 [12:02] - TODAY.AZ
Saudi Arabia has issued $25 million in loan for Azerbaijan to restore and expand water supply and sewerage system in Azerbaijan’s Absheron peninsula.
Saudi ambassador Fahd bin Ali ak-Duseri will present letter by Saudi Arabian  finance minister and chairman of Development Fund to Azerbaijani Deputy Prime Minister Abid Sharifov, APA quoted Saudi Arabian embassy press service as saying.

The letter said the loan worth 93.75 million of Saudi rial ($25 million) has been approved to finance project on supply of drinking water, restoration and expansion of sewerage system of Baku suburban areas.

/APA/

URL: http://www.today.az/news/business/53521.html

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