EBRD Starts Talks With Azerbaijan On Including More Cities Into 'Green Program'
Date
8/12/2022 1:06:23 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, August 12. The European Bank
for Reconstruction and Development (EBRD) is in an early stage
discussions with the Ministry of Economy of Azerbaijan to
potentially include new cities in the EBRD Green Cities program,
the bank official told Trend .
'At present, we are fully focused on implementation of the solid
waste and street lighting projects and preparation of the Green
City Action Plan for Ganja city. We are in an early stage
discussions with the Ministry of Economy of Azerbaijan to
potentially include new cities in the EBRD Green Cities program,'
the source said.
According to the EBRD official, the eligible cities need to have
a population of at least 50,000 residents. Moreover, the cities
must commit to the development and implementation of the Green City
Action Plan and launch a trigger investment project with the
EBRD.
Meanwhile, the EBRD plans to sign a new project in Azerbaijan's
city of Ganja in September 2022.
'We plan to sign the Ganja Street Lighting Project, during the
visit of the bank's President Odile Renaud-Basso to Azerbaijan.
This project will support the introduction of modern and
energy-efficient street lighting infrastructure for Ganja
residents. As part of this Project, we also plan to sign the
agreement for an investment grant in the amount of 2.5 million
euros allocated by E5P Fund, which is supported by European Union
and other international donors,' the source added.
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