OREANDA-NEWS. April 20, 2010. Under the Agreement, works on the project will be ended until 31 December 2011. The project will cover territory of settlement “20th District” in the area of Bibi Eybat. Today 1 200 ha out of 2 700 ha of this area are unused. 58,500 persons are residing on this territory and for the next 15 years the local population is likely to rise up to 170,000. Besides watersupply lines, there will be assembled plants for treating of 50,000 cu m of waste water.

The SFD is to finance 93.75 million riyals (USD25 million) for 20-year period with 5-year grace term. Loan annual rate is 2%. Overall cost of the project is USD63 million (AZN 263.5 million). The government is to repay the loan by half-year tranches by 3.125 million riyals.