Azerbaijan and the European Bank for Reconstruction and Development (EBRD) have signed a loan agreement for the reconstruction of Ganja's water supply and sewerage system, “Caspian Energy Media” reports.
The loan agreement was signed by Azerbaijan's Minister of Economy Mikayil Jabbarov and EBRD First Vice President Jürgen Rigterink following the meeting of President of the Republic of Azerbaijan Ilham Aliyev with EBRD President Odile Renaud-Basso in Davos.
The bank committed 35 million euros to finance the upgrading of Ganja’s water management systems. The project will be co-financed by a grant of up to 5 million euros from the EU.
