ADB to render millions in technical aid to Azerbaijan in 2013
The Asian Development Bank will provide Azerbaijan with technical assistance to draft a solid waste management project as part of the 2012-2014 business plan for operations in the country, the ADB told Trend news agency.
The technical assistance, in the amount of $800,000, is to be allocated in 2013.
It is also planned to render methodological and technical assistance worth $300,000 to support the government in expanding the private sector in 2013, the bank said.
In 2014, the ADB will continue financing projects in the fields of transport and urban services. Technical assistance envisaged to prepare a project on railways will be worth $1 million and will be used to determine the future needs of the sector for financing.
In September, the ADB approved the technical assistance totaling $925,000 to study the possibility of financing transport in the capital Baku.
The ADB approved the allocation of technical assistance in the amount of $225,000 to Azerbaijan in the frame of the second multitranche package, Multitranche Financing Facility (MFF), to develop the road network in the country under the Second Road Network Development Program.
The business plan envisages technical assistance worth $3.25 million, including the funding approved in 2012.
Earlier, it was planned to render technical assistance to prepare the bank's strategy in the country, but it turned out unnecessary as employees of the bank are doing this job, the ADB said.
Azerbaijan has been a member of the ADB since 1999. The country's share in the bank's capital is 0.5 percent.
The ADB, based in Manila, the Philippines, was established in 1966 and has 67 members.
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