Azerbaijan Allocates Funds To State Road Agency - Decree

(MENAFN- Trend News Agency) BAKU, Azerbaijan, December 18. President of the Republic of Azerbaijan Ilham Aliyev signed a decree on measures related to the overhaul of the Krasnaya Sloboda-Gukhuroba highway connecting Krasnaya Sloboda settlement in Guba district with Gukhuroba village in Gusar district, Trend reports.

According to the decree, for the purpose of capital repair of the Krasnaya Sloboda-Gukhuroba highway connecting 11 settlements with a population of 22,000 people, the amount specified in subparagraph 1.31.25 of "Distribution of funds envisaged in the state budget of the Republic of Azerbaijan for 2023 for state capital investments (investment expenditures)" was approved by the Order of the President of the Republic of Azerbaijan number 3720 dated January 23, 2023, to allocate initially 1.5 million manat ($882,352) to the State Road Agency of Azerbaijan.

Azerbaijan's Ministry of Finance will provide funding in the amount mentioned in Part 1 of this directive. The Ministry of Economy of Azerbaijan should provide the required financial means for the completion of the highway stated in Section 1 of this decree in the allocation of expenditures on state capital investments in the Republic of Azerbaijan's draft state budget for 2024. Azerbaijan's Cabinet of Ministers will handle any concerns to likely be raised by this directive.

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