(MENAFN- Trend News Agency) BAKU, Azerbaijan, November 26
I am confident that ECO Member States will benefit from Zangazur corridor, President of Azerbaijan Ilham Aliyev said addressing the 15th Summit of the Economic Cooperation Organization (ECO), Trend reports.
'We started large-scale reconstruction work immediately after the liberation, which has already yielded initial results. Azerbaijan is building new cities and towns from the scratch relying solely on its own financial resources. To that end, $1.3 billion has been released from the state budget this year. At least, the same amount will be allocated for this purpose in 2022.
I announced the liberated Karabakh and Eastern Zangazur as Green Energy Zone. The liberated territories have the proven potential of 7200 megawatts of solar energy and 2000 megawatts of wind energy.
At the last ECO summit, I informed my colleagues about the Zangazur corridor. Today I can say that the Zangazur corridor becomes a reality. This new transport infrastructure will be an important part of the East-West and North-South corridors. I am confident that ECO Member States will benefit from this corridor,' the head of state said.
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