News

12th March 2008

This year 978 investments projects, of these 87 related to sport, are expected to be implemented in Azerbaijan

Representative of Free Economy Support Center NGO Zokhrab Ismail said this year the country expects implementation of 978 investment projects.
“According to our data in Ministries of Economic Development and Finance of Azerbaijan totally 50 persons work over and control the projects. That is a critically small number because it takes about one or two months to examine a project. Neither society nor interested figures cannot be well-informed about each project that causes suspicions in rationality and transparency of funds designed for projects from the state budget,” Z. Ismail said.
Among projects supposed this year priority falls to educational projects - 282, culture and sport – 87, melioration and irrigation – 85, administrational management and social providing – 75, transport – 58, sewage and drinking water – 55, health – 36, justice – 33, ecology – 8, public life and security – 3, others – 256.